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Evaluating Point and Density Forecasts of DSGE Models (replication data)
This paper investigates the accuracy of forecasts from four dynamic stochastic general equilibrium (DSGE) models for inflation, output growth and the federal funds rate using a... -
When Does Government Debt Crowd Out Investment? (replication data)
We examine when government debt crowds out investment for the US economy using an estimated New Keynesian model with detailed fiscal specifications and accounting for monetary... -
Family background and educational attainment - Are there birth order effects ...
This paper contributes to the literature on the determinants of children’s human capital by analyzing the effects of birth order in Germany. These effects are typically... -
Terrorism and International Tourism: The Case of Germany (replication data)
We analyse how German tourists react to unanticipated shocks that alter their risk perception of selected tourism destinations. Using a difference-in-difference strategy which... -
Averaging Across Asset Allocation Models (replication data)
Combination of asset allocation models is rewarding if (i) the applied risk function is concave and (ii) there is no dominating model. We show that most common risk... -
On the Rationality of Medium-Term Tax Revenue Forecasts: Evidence from German...
This paper examines tax revenue projections in Germany for the period 1968 to 2012 with a focus on forecasting rationality. It is shown that tax revenue forecasts for the...