In recent years, the integration of goods, capital and financial markets has progressed on a global scale. The 66th annual meeting of the Association of German Economics Research Institutes (ARGE) focused on the question of national macroeconomic policies in an environment of increasingly interdependent business cycles.In the first paper of the volume, Koll gives a general introduction to the history of business cycles co-movement. Koll also highlights the responsibility of national governments as global players.The first section deals with the evolution of business cycle synchronization. Flaig, Sturm and Woitek conclude that, while the oil shocks of the 70s induced strong co-movements in business cycles, German unification led to a divergence of national cycles. The paper by Fichtner concentrates not only on business cycle synchronization over time but introduces an analysis on the transmission mechanisms at work. Fichtner finds that common shocks and technology spillovers account for most of the co-movement in output.The second section explains some of the individual transmission mechanisms in greater detail. Horn examines how business confidence carries over from one country to another and finds evidence that positive expectations in the US strengthen German confidence and that this relationship has become stronger over time. Schröder quantifies the role of the transmission of stock market investors' confidence in the relationship between US and German GDP. He distinguishes between the pure investor expectation effect and the direct influence of stock markets on real GDP and finds a direct causal impact.The third section concentrates on economic policy and its implications. Kuhn analyzes the transmission of monetary policy shocks and finds the transmission mechanism via interest rate co-movements to be more important than that via trade and the exchange rate mechanism. Middendorf and Radmacher-Nottelmann explore the importance of multinationals in the transmission of economic business cycles. Macro evidence suggests a synchronization of investment behavior. Micro evidence, however, reveals only a weak impact of multinationals on business cycle synchronization.This AEQ supplement should be essential reading for anyone, whether academic or practitioner, with an interest in future macroeconomic policy options in an increasingly integrated economic environment. InhaltsverzeichnisInhalt: W. Koll, Economic Policy in the Light of New Forms of International Business-Cycle Convergence - G. Flaig / J.-E. Sturm / U. Woitek, International Synchronization of National Business Cycles? - M. J. M. Neumann, Comment - F. Fichtner, Germany and the European Business Cycle. An Analysis of Causal Relations in an International Real Business Cycle Model - B. Lucke, Comment - G. A. Horn, US Outlook and German Confidence. Does the Confidence Channel Work? - C. Dreger, Comment - M. Schröder, Interactions between U.S. and German GDP: The Role of Stock Markets - H. Entorf, Comment - A. Kuhn, The International Transmission of Monetary Policy Shocks: Evidence for Selected OECD Countries - V. Clausen, Comment - T. Middendorf / N. A. Radmacher-Nottelmann, Business Cycle Transmission and MNE Activity. Macroeconomic Patterns and Microeconomic Evidence - A. Jungmittag, Comment
Internationally recognized Bach authority Hans-Joachim Schulze authored a 225-part series on the cantatas of Johann Sebastian Bach. In this collection, James A. Brokaw II translates a selection of the essays, illuminating a wide range of biographical and cultural features of Bach’s life and creative milieu. Schulze’s lively and engaging discussions provide a wealth of rewarding insights and perspectives focusing on individual cantatas, their texts, and the questions of chronology and context that attend them. The University of Illinois Press has paired the volume with a special web-based companion overseen by the translator and hosted by the Illinois Open Publishing Network. This online resource includes Brokaw’s translations of all 225 of Schulze’s essays alongside digital tools for searching, sorting, and bundling the commentaries according to date of composition, position within the liturgical church year sequence, and librettist.
Every aspect of "courtly culture" comes to life in Joachim Bumke's extraordinarily rich and well-documented presentation. A renowned medievalist with an encyclopedic knowledge of original sources and a passion for history, Bumke overlooks no detail, from the material realities of aristocratic society -- the castles and clothing, weapons and transportation, food, drink, and table etiquette -- to the behavior prescribed and practiced at tournaments, knighting ceremonies, and great princely feasts. The courtly knight and courtly lady, and the transforming idea of courtly love, are seen through the literature that celebrated them, and we learn how literacy among an aristocratic laity spread from France through Germany and became the basis of a cultural revolution. At the same time, Bumke clearly challenges those who have comfortably confused the ideals of courtly culture with their expression in courtly society.
Cryoelectron microscopy of biological molecules is among the hottest growth areas in biophysics and structural biology at present, and Frank is arguably the most distinguished practitioner of this art. CryoEM is likely over the next few years to take over much of the structural approaches currently requiring X-ray crystallography, because one can now get good and finely detailed images of single molecules down to as little as 200,000 MW, covering a substantial share of the molecules of greatest biomedical research interest. This book, the successor to an earlier work published in 1996 with Academic Press, is a natural companion work to our forthcoming book on electron crystallography by Robert Glaeser, with contributions by six others, including Frank. A growing number of workers will employ CryoEM for structural studies in their own research, and a large proportion of biomedical researchers will have a growing interest in understanding what the capabilities and limits of this approach are.
First published in 1990, this book traces the logic and the peculiarities of German economic development through the Weimar Republic, Third Reich and Federal Republic. Providing a comprehensive analysis of the period. The book also assesses controversial issues, such as the origins of the Great Depression, the primacy of politics or economics in the decision to invade Poland and the future risks to the Weltmeister economy of the Federal Republic oppressed by unemployment, the huge debts of some of its trading partners, and the possibility of worldwide protectionism.
This will help us customize your experience to showcase the most relevant content to your age group
Please select from below
Login
Not registered?
Sign up
Already registered?
Success – Your message will goes here
We'd love to hear from you!
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.