Konstantinos Angelopoulos, Apostolis Philippopoulos and Vanghelis Vassilatos, Rent-
Seeking Competition from State Coffers: A Calibrated DSGE Model of the Euro Area,
January 2006
Burkhard Heer and Bernd Suessmuth, The Savings-Inflation Puzzle, January 2006
J. Stephen Ferris, Soo-Bin Park and Stanley L. Winer, Political Competition and
Convergence to Fundamentals: With Application to the Political Business Cycle and the
Size of Government, January 2006
Yu-Fu Chen, Michael Funke and Kadri Mannasoo, Extracting Leading Indicators of
Bank Fragility from Market Prices - Estonia Focus, January 2006
Panu Poutvaara, On Human Capital Formation with Exit Options: Comment and New
Results, January 2006
Anders Forslund, Nils Gottfries and Andreas Westermark, Real and Nominal Wage
Adjustment in Open Economies, January 2006
M. Hashem Pesaran, Davide Pettenuzzo and Allan G. Timmermann, Learning,
Structural Instability and Present Value Calculations, January 2006
Markku Lanne and Helmut Luetkepohl, Structural Vector Autoregressions with
Nonnormal Residuals, January 2006
Helge Berger, Jakob de Haan and Jan-Egbert Sturm, Does Money Matter in the ECB
Strategy? New Evidence Based on ECB Communication, January 2006
Axel Dreher and Friedrich Schneider, Corruption and the Shadow Economy: An
Empirical Analysis, January 2006
Stefan Brandauer and Florian Englmaier, A Model of Strategic Delegation in Contests
between Groups, January 2006
Jan Zapal and Ondrej Schneider, What are their Words Worth? Political Plans and
Economic Pains of Fiscal Consolidations in New EU Member States, January 2006
Thiess Buettner, Sebastian Hauptmeier and Robert Schwager, Efficient Revenue
Sharing and Upper Level Governments: Theory and Application to Germany, January
2006
Daniel Haile, Abdolkarim Sadrieh and Harrie A. A. Verbon, Cross-Racial Envy and
Underinvestment in South Africa, February 2006
Frode Meland and Odd Rune Straume, Outsourcing in Contests, February 2006
M. Hashem Pesaran and Ron Smith, Macroeconometric Modelling with a Global
Perspective, February 2006