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Referierte Aufsätze Web of Science
The Household Finance and Consumption Survey (HFCS) provides information about house-hold wealth (real and financial assets as well as liabilities) from 15 Euro-countries around the year 2010 (first wave). The survey will be the central dataset in this topic in the future. However, several aspects point to potential methodological constraints regarding cross-country comparability. Therefore the aim ...
In:
Survey Research Methods
10 (2016), 2, S. 119-142
| Anita Tiefensee, Markus M. Grabka
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Referierte Aufsätze Web of Science
We analyze the role public support plays in small and medium-sized enterprises (SMEs) R&D financing as well as these firms’ assessments of financing conditions in the context of other framework conditions for innovation. Using the sample of 2,708 German SMEs that participated in public R&D promotion programs during 2005–10, we identify four unique types of R&D financing. Firms are generally positive ...
In:
Science & Public Policy
43 (2016), 2, S. 245-261
| Heike Belitz, Anna Lejpras
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Referierte Aufsätze Web of Science
Seit Beginn des Bundes-Investitionsprogramms „Zukunft Bildung und Betreuung“ (IZBB) im Jahr 2003 hat sich der Anteil der Grundschulkinder, die ganztägig eine Schule besuchen, mehr als vervierfacht. Vor diesem Hintergrund untersucht der vorliegende Beitrag zum einen, welche demografischen und sozioökonomischen Merkmale Kinder aufweisen, die ganztägige Schulangebote nutzen. Zum anderen wird der Frage ...
In:
Zeitschrift für Erziehungswissenschaft
19 (2016), 2, S. 415-442
| Jan Marcus, Janina Nemitz, C. Katharina Spieß
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Referierte Aufsätze Web of Science
Long-run restrictions have been used extensively for identifying structural shocks in vector autoregressive (VAR) analysis. Such restrictions are typically just-identifying but can be checked by utilizing changes in volatility. This paper reviews and contrasts the volatility models that have been used for this purpose. Three main approaches have been used, exogenously generated changes in the unconditional ...
In:
Journal of Economic Surveys
30 (2016), 2, S. 377-392
| Helmut Lütkepohl, Anton Velinov
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Referierte Aufsätze Web of Science
We study the information in order flows in the world's largest over-the-counter market, the foreign exchange (FX) market. The analysis draws on a data set covering a broad cross-section of currencies and different customer segments of FX end-users. The results suggest that order flows are highly informative about future exchange rates and provide significant economic value. We also find that different ...
In:
The Journal of Finance
71 (2016), 2, S. 601-633
| Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Andreas Schrimpf
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Referierte Aufsätze Web of Science
We discuss at the European example how power market design evolves with increasing shares of intermittent renewables. Short-term markets and system operation have to accommodate for the different needs of renewable and conventional generation assets and flexibility options. This can be achieved by pooling resources over larger geographic areas through common auction platforms, realizing the full flexibility ...
In:
The Energy Journal
37 (2016), SI2, S. 23-38
| Karsten Neuhoff, Sophia Wolter, Sebastian Schwenen
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Referierte Aufsätze Web of Science
The actions by the European Central Bank (ECB) during the global and European crises have triggered a highly controversial debate, in particular in Germany, about the costs and benefits of the chosen policy path. The article reviews, compares, and evaluates the different arguments made in favor and against ECB policies around three key dimensions—the link of the policy path to price stability, financial ...
In:
CESifo Economic Studies
62 (2016), 1, S. 68-87
| Marcel Fratzscher
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Referierte Aufsätze Web of Science
This paper analyses the differences in the efficiency of using subsidies for franchised regional rail services between the federal states in Germany, and provides evidence on the impact of procurement strategies and contractual design on the efficient use of funds. The analysis is based on a 15-year panel data set at the level of the federal states and employs a two-stage efficiency analysis, including ...
In:
Journal of Transport Economics and Policy
50 (2016), Part 1, S. 76-92
| Heike Link
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Referierte Aufsätze Web of Science
This paper analyzes whether individuals have equal opportunity to achieve happiness (or well-being). We estimate sibling correlations and intergenerational correlations in self-reported life satisfaction, satisfaction with household income, job satisfaction, and satisfaction with health. We find high sibling correlations for all measures of well-being. The results suggest that family background explains, ...
In:
The B.E. Journal of Economic Analysis & Policy
16 (2016), 1, S. 125-149
| Daniel D. Schnitzlein, Christoph Wunder
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Referierte Aufsätze Web of Science
This paper examines the relevance of the Lucas critique for euro area money demand. Based on the money in the utility function approach, a vector error correction model is specified to investigate the relationship between money and inflation in times of policy shifts. A well defined equation for money demand is obtained. The results indicate that the evolution of M3 is still in line with money demand. ...
In:
Empirica
43 (2016), 1, S. 61-82
| Christian Dreger, Jürgen Wolters