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. 00-61 // 2000

    Surprises in Scheduled Releases: Why do They Move the Bond Market?

    This paper analyzes the type of information contained in U.S. macroeconomic news releases in order to explain their relative impact on intraday T-bond futures prices quoted at the Chicago Board of Trade. It is…

  2. ZEW Discussion Paper No. 00-59 // 2000

    Enrolments in Higher Education in West Germany

    This paper analyses the determinants of participation in higher education in West Germany. In particular, the role of social origin as well as of expectations regarding the labour market outcome of a higher…

  3. ZEW Discussion Paper No. 00-58 // 2000

    Quantification of Qualitative Data Using Ordered Probit Models with an Application to a Business Survey in the German Service Sector

    This paper aims at providing business survey analysts with simple econometric tools to quantify qualitative survey data. We extend the traditional and commonly applied method proposed by Carlson and Parkin…

  4. ZEW Discussion Paper No. 00-55 // 2000

    The British Foreign Exchange Reserves Puzzle

    The British foreign exchange reserves decreased by 40 percent during the period August 1996-December 1999 although the Pound Sterling is considered a floating exchange rate since it left the EMS in 1992. Since…

  5. ZEW Discussion Paper No. 00-54 // 2000

    Loosening Hours Constraints on the Supply of Labor - What if Germans Had a Dutch Labor Market?

    The lack of working hours flexibility is regarded as an important hindrance for work-sharing in Germany. Surveys show that employees often work more hours than they actually desire to. Given these indications on…

  6. ZEW Discussion Paper No. 00-52 // 2000

    Business Services in Germany: Bridges for Innovation

    During the last 20 years, R&D and innovation activities in the service sector have clearly increased. Especially business services are believed to be one of the main drivers of technical changes and economic…