CESifo Working Papers
CESifo Working Papers sind in elektronischer Form auf unserer Webseite sowie über SSRN, das RePEc-Netzwerk und EconStor weltweit erhältlich. Finden Sie hier das Working Paper, das Sie benötigen, lesen Sie das Abstract und laden Sie bei Interesse das vollständige Paper kostenlos herunter.
![Buehne_CESifoWP.jpg](https://cesifo.org/sites/default/files/styles/1_to_1__600x600/public/2019-05/Buehne_CESifoWP.jpg?h=9ee013d6&itok=M1w-ftNl&c=1689235842)
![Non-Linearities in the Relation between the Exchange Rate and its Fundamentals Non-Linearities in the Relation between the Exchange Rate and its Fundamentals](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1561.jpg?c=1689236905)
Non-Linearities in the Relation between the Exchange Rate and its Fundamentals
CESifo, Munich, 2005
CESifo Working Paper No. 1561
![Subsidizing Enjoyable Education Subsidizing Enjoyable Education](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1560.jpg?c=1689237048)
Subsidizing Enjoyable Education
CESifo, Munich, 2005
CESifo Working Paper No. 1560
![Sharing Budgetary Austerity under Free Mobility and Asymmetric Information: An Optimal Regulation Approach to Fiscal Federalism Sharing Budgetary Austerity under Free Mobility and Asymmetric Information: An Optimal Regulation Approach to Fiscal Federalism](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1559.jpg?c=1689237007)
Sharing Budgetary Austerity under Free Mobility and Asymmetric Information: An Optimal Regulation Approach to Fiscal Federalism
CESifo, Munich, 2005
CESifo Working Paper No. 1559
![Small Sample Properties of Maximum Likelihood Versus Generalized Method of Moments Based Tests for Spatially Autocorrelated Errors Small Sample Properties of Maximum Likelihood Versus Generalized Method of Moments Based Tests for Spatially Autocorrelated Errors](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1558.jpg?c=1689236838)
Small Sample Properties of Maximum Likelihood Versus Generalized Method of Moments Based Tests for Spatially Autocorrelated Errors
CESifo, Munich, 2005
CESifo Working Paper No. 1558
![Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1557.jpg?c=1689236971)
Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model
CESifo, Munich, 2005
CESifo Working Paper No. 1557
![Why is Fiscal Policy often Procyclical? Why is Fiscal Policy often Procyclical?](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1556.jpg?c=1689236847)
Why is Fiscal Policy often Procyclical?
CESifo, Munich, 2005
CESifo Working Paper No. 1556
![Demographic Change and Public Education Spending: A Conflict between Young and Old? Demographic Change and Public Education Spending: A Conflict between Young and Old?](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1555.jpg?c=1689237004)
Demographic Change and Public Education Spending: A Conflict between Young and Old?
CESifo, Munich, 2005
CESifo Working Paper No. 1555
![Structural Separation and Access in Telecommunications Markets Structural Separation and Access in Telecommunications Markets](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1554.jpg?c=1689237019)
Structural Separation and Access in Telecommunications Markets
CESifo, Munich, 2005
CESifo Working Paper No. 1554
Also published in: Journal of Network Industries (now called Competition and Regulation in Network Industries) 6(2), pp. 95-114
![Looking for Multiple Equilibria when Geography Matters: German City Growth and the WWII Shock Looking for Multiple Equilibria when Geography Matters: German City Growth and the WWII Shock](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1553.jpg?c=1689237076)
Looking for Multiple Equilibria when Geography Matters: German City Growth and the WWII Shock
CESifo, Munich, 2005
CESifo Working Paper No. 1553
![Gatekeeping in Health Care Gatekeeping in Health Care](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1552.jpg?c=1689236864)
Gatekeeping in Health Care
CESifo, Munich, 2005
CESifo Working Paper No. 1552
![Dual Income Taxation: Why and how? Dual Income Taxation: Why and how?](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1551.jpg?c=1689237119)
Dual Income Taxation: Why and how?
CESifo, Munich, 2005
CESifo Working Paper No. 1551
![Turkish Delight for Some, Cold Turkey for Others?: The Effects of the EU-Turkey Customs Union Turkish Delight for Some, Cold Turkey for Others?: The Effects of the EU-Turkey Customs Union](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1550.jpg?c=1689237011)
Turkish Delight for Some, Cold Turkey for Others?: The Effects of the EU-Turkey Customs Union
CESifo, Munich, 2005
CESifo Working Paper No. 1550
![Nonlinear Production, Abatement, Pollution and Materials Balance Reconsidered Nonlinear Production, Abatement, Pollution and Materials Balance Reconsidered](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1549.jpg?c=1689236975)
Nonlinear Production, Abatement, Pollution and Materials Balance Reconsidered
CESifo, Munich, 2005
CESifo Working Paper No. 1549
![Global Business Cycles and Credit Risk Global Business Cycles and Credit Risk](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1548.jpg?c=1689236937)
Global Business Cycles and Credit Risk
CESifo, Munich, 2005
CESifo Working Paper No. 1548
The Risks of Financial Institutions, NBER Conference Report Volume, University of Chicago Press, Chicago (2006) pp. 419-473.
![Endogenous Pensions and Retirement Behavior Endogenous Pensions and Retirement Behavior](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1547.jpg?c=1689236857)
Endogenous Pensions and Retirement Behavior
CESifo, Munich, 2005
CESifo Working Paper No. 1547
![Trade and Business Cycle Synchronization in OECD Countries - a Re-examination Trade and Business Cycle Synchronization in OECD Countries - a Re-examination](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1546.jpg?c=1689236946)
Trade and Business Cycle Synchronization in OECD Countries - a Re-examination
CESifo, Munich, 2005
CESifo Working Paper No. 1546
![Can Deunionization Lead to International Outsourcing? Can Deunionization Lead to International Outsourcing?](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1545.jpg?c=1689236962)
Can Deunionization Lead to International Outsourcing?
CESifo, Munich, 2005
CESifo Working Paper No. 1545
![Social Security Incentives, Human Capital Investment and Mobility of Labor Social Security Incentives, Human Capital Investment and Mobility of Labor](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1544.jpg?c=1689237123)
Social Security Incentives, Human Capital Investment and Mobility of Labor
CESifo, Munich, 2005
CESifo Working Paper No. 1544
![Ownership Concentration, Monitoring and Optimal Board Structure Ownership Concentration, Monitoring and Optimal Board Structure](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1543.jpg?c=1689237036)
Ownership Concentration, Monitoring and Optimal Board Structure
CESifo, Munich, 2005
CESifo Working Paper No. 1543
![Early Retirement: Free Choice or Forced Decision Early Retirement: Free Choice or Forced Decision](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp1542.jpg?c=1689236992)
Early Retirement: Free Choice or Forced Decision
CESifo, Munich, 2005
CESifo Working Paper No. 1542