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. 02-22 // 2002

    How Integrated are the European Retail Financial Markets? A Cointegration Analysis

    With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail…

  2. ZEW Discussion Paper No. 02-21 // 2002

    The Threat of Systemic Risk in Banking – Evidence for Europe

    This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations…

  3. ZEW Discussion Paper No. 02-20 // 2002

    Exchange Rate Pass-Through to Consumer Prices: A European Perspective

    We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of…

  4. ZEW Discussion Paper No. 02-19 // 2002

    Factor Mobility, Government Debt and the Decline in Public Investment

    This paper tries to explain the declining level of public investment in OECD countries. The theoretical framework hints to the relevance of a number of demand and supply factors – ranging from the yield of…

  5. ZEW Discussion Paper No. 02-17 // 2002

    The Impact of Taxes and Public Spending on the Location of FDI: Evidence from FDI-flows within Europe

    In a place to place analysis of bilateral FDI flows the average company tax burden, the statutory corporation tax rate, as well as the cost of capital are used to capture the tax incentives. In addition,…

  6. ZEW Discussion Paper No. 02-12 // 2002

    Family Background, Cohort and Education - A French-German Comparison

    This paper analyses the impact of family background, gender and cohort on educational attainment in France and Germany, relying on a theoretical model imbedded in the human capital theory. In a second step, the…

  7. ZEW Discussion Paper No. 02-10 // 2002

    Asset Prices and Alternative Characterizations of the Pricing Kernel

    In a continuous-time representative investor economy with an exogenously given information process, asset prices are derived for alternative characterizations of the pricing kernel. In addition to the…

  8. ZEW Discussion Paper No. 02-09 // 2002

    Rio - 10 Years After: A Critical Appraisal of Climate Policy

    Ten years after the initial Climate Change Convention from Rio in 1992, the developed world is likely to ratify the Kyoto Protocol which has been celebrated as a milestone in climate protection. Standard…

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