Jahrbücher für Nationalökonomie und Statistik

Open Access Published by De Gruyter Oldenbourg

Volume 238 Issue 6 -

Issue of Jahrbücher für Nationalökonomie und Statistik

Contents
Journal Overview

Publicly Available October 13, 2018

Frontmatter

Page range: i-iv

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Original Articles

October 13, 2018

Euro Area Growth Signals from Industrial Production: Warnings from a Comparison of Gross Value Added and Production

Gabe Jacob de Bondt, Stanimira Vasileva Kosekova

Page range: 477-500

Abstract

This study compares industrial production and gross value added in volume terms in the euro area and euro area countries, because real GDP growth signals from industrial production growth might be misleading and earlier released industrial production growth is not one-to-one translated into industrial value added growth. This is an important issue for analysts and policy makers, because industrial production is a standard element in tools for nowcasting real GDP in real time. It also raises the question about the factors explaining these differences. Differences in terms of (changes in) quarterly growth between production and gross value added include sign reversals and can last for consecutive quarters. Persistent level differences might also exist. The explanatory factors for these differences are the treatment of prices, seasonality and coverage. Data limitations prevent a detailed analysis of the price factor, but the other two factors are more closely evaluated. It turns out that the relative importance of these factors varies over time and thus is difficult to assess ex ante for a specific quarter. A remedy is that statisticians further harmonize national accounts and short-term statistics as well as national practices for seasonal adjustment.

August 24, 2018

Saving Behavior and Housing Wealth Evidence from German Micro Data

Sören Gröbel, Dorothee Ihle

Page range: 501-539

Abstract

Housing property is the most important position in a household’s wealth portfolio. Even though there is strong evidence that house price cycles and saving patterns behave synchronously, the underlying causes remain controversial. The present paper examines if there is a wealth effect of house prices on savings using household-level panel data from the German Socio-Economic Panel for the period 1996-2012. We find that young homeowners decrease their savings in response to unanticipated house price shocks, whereas old households hardly respond to house price changes. Although effects are relatively low in magnitude, we interpret this as evidence of a housing wealth effect.

March 27, 2018

Slow and Steady Wins the Race: Approximating Nash Equilibria in Nonlinear Quadratic Tracking Games Steter Tropfen höhlt den Stein: Approximation von Nash Gleichgewichten in Nicht-linearen Dynamischen Spielen

Ivan Savin, Dmitri Blueschke, Viktoria Blueschke-Nikolaeva

Page range: 541-569

Abstract

We propose a new method for solving nonlinear dynamic tracking games using a meta-heuristic approach. In contrast to ‘traditional’ methods based on linear-quadratic (LQ) techniques, this derivative-free method is very flexible with regard to the objective function specification. The proposed method is applied to a three-player dynamic game and tested versus a derivative-dependent method in approximating solutions of different game specifications. In particular, we consider a dynamic game between fiscal (played by national governments) and monetary policy (played by a central bank) in a monetary union. Apart from replicating results of the LQ-based techniques in a standard setting, we solve two ‘non-standard’ extensions of this game (dealing with an inequality constraint in a control variable and introducing asymmetry in penalties of the objective function), identifying both a cooperative Pareto and a non-cooperative open-loop Nash equilibria, where the traditional methods are not applicable. We, thus, demonstrate that the proposed method allows one to study more realistic problems and gain better insights for economic policy.

Under Debate

Publicly Available October 13, 2018

Operative und strategische Elemente einer leistungsfähigen Forschungsdateninfrastruktur in den Sozial- und Wirtschaftswissenschaften

Mathias Bug, Stefan Liebig, Claudia Oellers, Regina T. Riphahn

Page range: 571-590

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Abstract

Dieser Beitrag skizziert vor dem Hintergrund der Diskussionen um den Aufbau einer nationalen Forschungsdateninfrastruktur (NFDI) in Deutschland die Arbeitsweise und Merkmale des Rats für Sozial- und Wirtschaftsdaten (RatSWD). Im Mittelpunkt stehen die zwei zentralen Merkmale des RatSWD als unabhängiges Beratungsgremium von Datenproduzenten und wissenschaftlichen Datennutzenden einerseits und als organisatorischer Rahmen für ein dezentrales Netzwerk aus derzeit 31 akkreditierten Forschungsdatenzentren (FDZ) andererseits. Der RatSWD bildet damit den Rahmen für eine nutzergetriebene, nach außen sprechfähige und leistungsfähige, koordinierte Forschungsdateninfrastruktur in den Sozial-, Verhaltens- und Wirtschaftswissenschaften. Die Forschungsdateninfrastruktur der Sozial-, Verhaltens- und Wirtschaftswissenschaften ist als bundesweites, verteiltes und wachsendes Netzwerk arbeitsteilig angelegt. Das Netzwerk koordiniert disziplinübergreifend die Archivierung und Bereitstellung einer Vielfalt von Forschungsdaten, befördert institutionellen Wissensaustausch und erarbeitet gemeinsame Standards. Der RatSWD widmet sich der Öffnung von weiteren Datenschätzen aus Verwaltung, Forschung und Wirtschaft für die unabhängige Wissenschaft und entwickelt übergeordnete Standards zu Themen wie Datenschutz, Forschungsethik und nachhaltiger Förderpolitik. Den empirisch Forschenden stehen dadurch eine Interessenvertretung nach außen sowie ein stetig wachsendes Angebot an qualitativ hochwertigen Datensätzen zur Verfügung.

Data Observer

Publicly Available October 13, 2018

Data from a Randomized Experiment: Financial Incentives on Weight Loss (RWI-Obesity)

Lea Eilers, Adam Pilny

Page range: 591-600

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Publicly Available October 13, 2018

New Survey Data on the Role of Universities in the German Regional Innovation System

Christian Warnecke

Page range: 601-608

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Publicly Available October 13, 2018

RWI-GEO-GRID: Socio-economic data on grid level

Philipp Breidenbach, Lea Eilers

Page range: 609-616

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Book Review

October 13, 2018

Georg Quaas: Die Ökonomische Theorie von Karl Marx

Bertram Schefold

Page range: 617-620

Annual Reviewer Acknowledgement

October 13, 2018

Annual Reviewer Acknowledgement

Peter Winker

Page range: 621-623

About this journal

The Journal of Economics and Statistics (Jahrbücher für Nationalökonomie und Statistik) is a scientific journal published in Germany since 1863. The journal publishes papers in all fields of economics and applied statistics. A specific focus is on papers combining theory with empirical analyses. Papers providing conclusions for economic policy in Europe are particularly welcome. Nevertheless, distinguished papers dealing exlusively with economic theory, empirical models, or economic history, will not be excluded from consideration.

The editors invite replication studies focusing on the robustness of empirical findings. The section Data Observer presents articles on data sets available for empirical research and institutions providing research data. The journal also publishes special issues, short comments, and book reviews. All freely accessible contributions, including the Data Observer articles, can be found via the website's article search functionality.

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Starting 2023, the Journal of Economics and Statistics will be transferred to Diamond Open Access on a year-by-year basis. All articles will thus immediately appear under the Creative Commons license CC-BY. There will be no publication costs for the authors.
The Open Access transformation is based on Subscribe-to-Open, an alternative model that enables the full Open Access transformation of journals through the continuation of existing subscriptions. The prerequisite for successful transformation is that subscriptions are continued to the same extent as before. The editors of the Journal of Economics and Statistics and the publisher De Gruyter would therefore like to thank all subscribers for their support, which has made the transformation to Open Access possible.

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Special Issue on "Advancing Agent-Based Economics"

Guest Editors: Michael Neugart, Technical University of Darmstadt) and Frank Westerhoff, University of Bamberg

Timeline: Submission of full papers January 15, 2024

Further details

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Special Issue on "Central Bank Digital Currency"

Guest Editors: Katrin Assenmacher, European Central Bank and Michael Frenkel, WHU

Timeline: Submission of full papers January 08, 2024

Further details

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