Now showing items 51-60 of 1493
The persistence of ownership inequality.
Investors on the German stock exchanges, 1869–1945
We study the ownership structure of joint-stock firms for the period of 1869 to 1945 based on a unique hand-collected data set. The data covers a selection of 785 general meetings of 276 firms, including details of more ...
Inflation Expectations and the Recovery from the Great Depression in Germany
A regime shift towards increased in inflation expectations is credited with jumpstarting the recovery from the Great Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What ...
Testing Missing at Random using Instrumental Variables
This paper proposes a test for missing at random (MAR). The MAR assumption is shown to be testable given instrumental variables which are independent of response given potential outcomes. A nonparametric testing procedure ...
Multivariate Factorisable Sparse Asymmetric Least Squares Regression
More and more data are observed in form of curves. Numerous applications in finance, neuroeconomics, demographics and also weather and climate analysis make it necessary to extract common patterns and prompt joint modelling ...
Futurama. Business Forecasting and the Dynamics of Capitalism in the Interwar Period
The recognition of the key importance of economic stability after World War I sparked interest in business forecasting on both sides of the Atlantic. This article explores the creation and the rapid international and ...
The Economics of German Unification after Twenty-five Years: Lessons for Korea
This paper reviews the performance of the East German economy in the turbulent quarter-century following reunification and draws some conclusions for the reunification of North and South Korea. In this period, the gap in ...
How Does Rising House Price Influence Stock Market Participation in China?
A Micro-Household Perspective
This is an empirical study on the effect of house price on stock-market participation and its depths based on unique China Household Finance Survey (CHFS) data in 2011 and 2013 including 36213 sample households. We mainly ...
Evaluating the Joint Efficiency of German Trade Forecasts
A nonparametric multivariate approach
I analyze the joint efficiency of export and import forecasts by leading economic research institutes for the years 1970 to 2017 for Germany in a multivariate setting. To this end, I compute, in a first step, multivariate ...