We focus on the influence of institutional variables on business cycle synchronisation for 20 OECD countries from 1979 to 2003. More precisely, this paper derives measures for similarity of institutions and…

• Switzerland: Prevailing Poor Economic Picture, With Somewhat Better Expectations
• Eurozone: Economic Expectations on an Upward Trend
• USA: Economic Situation Still Looks Bad
• Japan: Economic Growth Falls Clearly into…

• Deutschland steckt in der Rezession
• Die voraussichtliche Lage in der EWU
• Ergebnisse der Februarumfrage 2009
• ZEW-IDI bei konjunktureller Lage und Geschäftserwartungen gespalten
• Wirtschaftliche und gesellschaftliche…

• Economic Prospects for Central and Eastern Europe Recover
• Czech Republic, Poland, and Slovakia: Recovering Economic Prospects
• Hungary, Romania, and Croatia: Economic Expectations Improve
• Special Question: Sector…

We estimate the effect of internet penetration on retail bank margins in the euro area. Based on an adapted Baumol [1982] type contestability model, we argue that the internet has reduced sunk costs and…

• Erwartungen im Aufwärtstrend
• EZB: Weitere Zinssenkung im März erwartet
• USA: US-Konsumenten senden widersprüchliche Signale
• Japan: Drastischer Einbruch bei den Exporten belastet die Konjunktur
• Großbritannien:…

This paper studies the relationship between wages and the degree of firm heterogeneity in a given industry under different wage setting structures. To derive testable hypotheses, we set up a theoretical model…