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Monetary Policy and the Fisher Effect

Historical estimates of the informational content in the yield curve may not be relevant after a change in monetary policy. This study uses a small dynamic rational expectations model with staggered price setting to study how monetary policy affects the relation between nominal interest rates, inflation expectations, and real interest rates. The benchmark parameters, including the...

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English / 01/07/2001

Family Friendliness: Challenging the Boundaries of Organizations

In this paper we focus on the consequences that emerge for organizations when they attempt to implement value-laden concepts such as "family friendliness". Such new concepts are often taken on board without realising how fundamentally the structure of the organization will be questioned if they are taken seriously.

Family friendliness is a concept aimed at balancing...

English / 16/05/2001

A Potential Outcome Approach to Dynamic Programme Evaluation: Nonparametric Identification

This paper approaches the problem of an econometric evaluation of dynamic programme sequences from an potential outcome perspective. The identifying power of several different assumptions about the connection between the dynamic selection process and the potential outcomes of different programme sequences is discussed. The assumptions invoke different types of randomisation...

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English / 15/05/2001

Income Tax Competition at the State and Local Level in Switzerland

Tax competition is supposed to lead to inefficiencies in the provision of public goods and difficulties for decentralized redistribution. A necessary condition for these effects to occur is that residence and location decisions are determined by fiscal considerations. In this paper, the impact of personal income taxes and transfer payments on residence decisions of taxpayers is...

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English / 01/04/2001

Tracking Error and Tactical Asset Allocation

The relationship between statistical measures of tracking error and asset allocation restrictions expressed as admissible weight ranges is discussed. Tracking errors are typically calculated as annualized second moments of return differentials between a portfolio and a benchmark. In practice, however, constraints on tactical deviations from benchmark weights are often imposed on the...

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English / 01/03/2001

Consumption and Nutrition: Age - Intake Profiles for Czechoslovakia

This paper provides non-parametric estimates of the relation between nutrient intake and age for Czechoslovak individuals, as a function of both the characteristics of the individual and of their household, on the basis of household purchases. Results show no significant difference between the age-energy intake profiles of men and women. The decomposition of this intake between...

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English / 01/03/2001

Measurement and Control of Business Processes

It is widely accepted that any well-designed organizational process includes a control mechanism through which management decides which aspects of the performance of the process are to be measured and how these measurements are to be used to change the level of resources utilized in the process. Little is known, however, about the best ways to design such a control mechanism for...

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English / 01/03/2001

Intelligent Organizations: An Integrative Framework

The purpose of this paper is to demonstrate how cybernetic theories open new paths towards organizational intelligence. This is illustrated by means of three theoretical models from organizational cybernetics. These models are integrated into a framework for a virtuous design, (self-)control and (self-)transformation of organizations. It is proposed that changes in activities,...

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English / 01/03/2001

Das Personenverkehrsabkommen Schweiz-EG: Ausgangslage, Neuregelungen und erwartete Auswirkungen aus der Perspektive einer Grenzregion

Referat an der Volkshochschule Rheintal in Heerbrugg vom 25.01.2001 in der Vortragsreihe "Die Schweiz und Europa"; Download der Präsentation:

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English / 25/01/2001

A note on the common support problem in applied evaluation studies

Not available in German. This paper advocates the use of a nonparametric bounds analysis to check the robustness of the results of applied evaluation studies to the problem of a lack of common support. The typical responses by researchers of either ignoring it, or obtaining estimates only for the subpopulation within the common support, can both be misleading: Ignoring the problem...

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English / 01/01/2001

The Impact of Non-profit Temping Agencies on Individual Labour Market Success in the West German State of Rhineland-Palatinate

The paper presents an econometric evaluation of the effects of subsidised non-profit temporary employment agencies - a programme of the West German active labour market policy - on individual labour market outcomes. The empirical analysis is based on individual data from files for computer-assisted job brokering in Rhineland-Palatine. Econometric estimates based on matching methods...

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English / 01/01/2001

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