Some recent international evidence on the demand for money

Article Abstract:

The major determinants of the demand for money are examined using the Johansen-Juselius cointegration method and comparable measures of data for nine industrialized countries. Results indicate that the formulation of a long-run stable demand for narrow money in Australia, Austria, Finland, Italy, UK and US only requires the income and the interest rate. However, the nominal effective exchange rate should be incorporated to formulate the long-run stable money demand for Canada, Germany and Switzerland.

Analysis, Foreign exchange, Monetary policy, Money demand

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Temporary separations and firm size in the German labour market

Article Abstract:

A key determinant of duration of temporary lay-offs in Germany is the size of the company. It has been observed that larger companies use this employment adjustment strategy less frequently as compared to smaller companies. Also, they rehire employees much more quickly than the smaller firms. Such employment conditions persist in the country despite the enforcement of employment protection statutes.

Employee Termination, Employee Transfers & Rehires, Economic aspects, Laws, regulations and rules, Germany, Employment, Layoffs, Employee dismissals, Employment terminations, Employment at will, Corporate size, Employee reinstatement

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