ZEW Discussion Papers

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. 98-03 // 1998

    Quasi - Monte Carlo Methods in Stochastic Simulations - An Application to Fiscal Policy Simulations using an Aggregate Disequilibrium Model of the West German Economy 1960-1994

    Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations with a macroeconometric model. A macroeconometric disequilibrium model of the West German…

  2. ZEW Discussion Paper No. 98-02 // 1998

    Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit - ein vernachlässigtes Kriterium

    In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In addition, a new criterion for the assessment of the optimality of a currency area is proposed:…

  3. ZEW Discussion Paper No. 98-01 // 1998

    The EMU Consolidation Game - or: Does 3.0 Really Mean 3.0?

    Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important…

  4. ZEW Discussion Paper No. 97-33 // 1997

    Employment Effects of Publicy Financed Training Programs. The East German Experience

    We analyze the effectiveness of publicly financed training and retraining programs in east Germany as measured by their effects on individual re-employment probabilities after training. These are estimated by…

  5. ZEW Discussion Paper No. 97-30 // 1997

    Exploring the Tail of Patented Invention Value Distributions

    We explore the tail of patented invention value distributions by using value estimates obtained directly from patent holders. The paper focuses on those full-term German patents of the application year 1977…

  6. ZEW Discussion Paper No. 97-29 // 1997

    Interpreting Estimation Results of Euler Equation Investment Models when Factor Markets are Imperfectly Competitive

    In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for imperfectly competitive structures on the factor markets: labour markets and markets for…

  7. ZEW Discussion Paper No. 97-28 // 1997

    The Demand of Heterogeneous Labour in Germany

    In this paper, four commonly provided explanations for the shift in labour demand for different skill groups are investigated: the substitutability of inputs; the own-price sensitivity for different types of…