ZEW Discussion Papers

Overview

Researchers at the ZEW participate in scientific debates by publishing their papers. The papers are predominantly in English (marked). For the German papers an English abstract is available. The contributions are intended for a final publication in special interest titles. The discussion papers can be downloaded as PDF or PostScript files starting from 1.1.1998. They aimed at national and international target groups.

  1. ZEW Discussion Paper No. 03-19 // 2003

    A Comparison Between the Fed and the ECB: Taylor Rules

    This paper analyzes whether Taylor-type policy rules can be used to describe the behavior of the Federal Reserve and the European Central Bank from the beginning of 1999 until mid 2002. Since there was no common…

  2. ZEW Discussion Paper No. 03-18 // 2003

    A Test of the ‘Krugman Hypothesis’ for the United States, Britain, and Western Germany

    Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession…

  3. ZEW Discussion Paper No. 03-16 // 2003

    Poverty Alleviation and the Degree of Centralisation in European Schemes of Social Assistance

    In this paper, the relationship between the degree of centralisation and the distributive outcomes in European schemes of social assistance is investigated. For this purpose, a scheme of classification suitable…

  4. ZEW Discussion Paper No. 03-14 // 2003

    The Influence of the EU Environmental Management and Auditing Scheme on Environmental Innovations and Competitiveness in Germany: An Analysis on the Basis of Case Studies and a Large-Scale Survey

    This paper investigates the effects of the EU Environmental Management and Auditing Scheme (EMAS) on environmental innovations and competitiveness in German facilities. It comprises twelve in-depth case studies…

  5. ZEW Discussion Paper No. 03-13 // 2003

    Local Determinants of Crime: Distinguishing Between Resident and Non-resident Offenders

    The paper revisits the local determinants of crime using a spatial model distinguishing between resident and non-resident offenders. Employing data for German municipalities, the model is estimated by means of a…

  6. ZEW Discussion Paper No. 03-12 // 2003

    The Decision of Venture Capitalists on Timing and Extent of IPOs

    We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to…

  7. ZEW Discussion Paper No. 03-10 // 2003

    Socially Responsible Investments in Germany, Switzerland and the United States

    The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen´s alpha as…

  8. ZEW Discussion Paper No. 03-09 // 2003

    Climate Policy Beyond Kyoto: Quo Vadis? A Computable General Equilibrium Analysis Based on Expert Judgements

    Despite of the apparent failure of the Kyoto Protocol with respect to environmental effectiveness, it has established a broad international mechanism that might be able to provide a global reduction of…

  9. ZEW Discussion Paper No. 03-11 // 2003

    Systemic Risk in European Banking - Evidence from Bivariate GARCH Models

    This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate conditional correlations between European bank stock indices. These correlations are used as…

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