Volker Nitsch, Jel Code, Volker Nitsch
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist for just a few, often only two to four, years. In this paper, I examine...
Volker Nitsch, Dieter Schumacher
bilateral trade flows between more than 200 countries over the period from 1960 to 1993. Applying an augmented gravity model that includes several measures of terrorism and largescale violence, we...
State Visits and International Trade
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on...
Have a Break, Have a ... National Currency: When Do Monetary Unions Fall Apart?
Historically, dissolutions of currency unions are not unusual. I use an annual panel data set covering 245 country pairs that use a common currency (of which 128 are dissolved) from 1948 through 1997...
Zooming Out: The Trade Effect of the Euro in Historical Perspective
In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that...
Central Bank Boards around the World: Why does Membership Size Differ?
Helge Berger, Volker Nitsch, Tonny Lybek
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we...
Central Bank Boards Around the World: Why Does Membership Size Differ?
Helge Berger, Volker Nitsch, Tonny Lybek
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we...
Die Another Day: Duration in German Import Trade
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist for just a few, often only two to four, years. In this paper, I examine...
Die Another Day: Duration in German Import Trade
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist for just a few, often only one to three, years. In this paper, I examine...
Too many Cooks? Committees in Monetary Policy
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers...
National borders and international trade: evidence from the European Union
In this paper the impact of national borders on international trade within the European Union is considered. Using a gravity model, I find that, averaged over all EU countries, intranational trade is...
State Visits and International Trade
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on...
Too Many Cooks? Committees in Monetary Policy
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decision-makers...
Do Three Trade Blocs Minimize World Welfare?
Two interesting results have emerged from research on symmetric models that make the analysis of bilateralism tractable. Krugman reported that three trade blocs minimize world welfare. Frankel,...
Border Effects and Border Regions: Lessons from the German Unification
This paper examines data on trade flows between West German Bundesländer (federal states) and East Germany to explore the effect of national borders on trade. Although the data cover only a small...
Openness and Urban Concentration in Europe, 1870-1990
This paper provides a new attempt to examine the relationship between an economy's exposure to foreign trade and its degree of urban concentration. In contrast to previous work, which is often based...
Central bank boards around the world: Why does membership size differ?
Berger, Helge, Nitsch, Volker, Lybek, Tonny
This paper analyzes empirically differences in the size of central bank boards (or monetary policy committees) across countries. We discuss the possible determinants of a board's size. The empirical...
Zooming out: The trade effect of the euro in historical perspective
In this paper, we put the trade effect of the euro in historical perspective. Using a data set that includes 22 industrial countries from 1948 to 2003, we find strong evidence of a gradual increase...
Gotcha! A Profile of Smuggling in International Trade
This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of interest is the difference in matched partner trade statistics, i.e., the extent...
Die another day: duration in German import trade
Survival, Product, Relationship, Pattern, F14, F19, C14, C41,
Wie sieht die Zukunft Europas aus?
Eberhard Sinner, Manfred Wegner, Wolfgang Quaisser, Helge Berger, Volker Nitsch, Werner Weidenfeld
Nach der Ablehnung des Europäischen Verfassungsvertrages bei den Referenden in Frankreich und den Niederlanden und den gescheiterten Finanzverhandlungen befindet sich die Europäische Union in einer...
Fly or Cry: Is Airport Noise Costly?
Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often sparks protests by local residents. In this paper, I provide new evidence on the...
State visits and international trade
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on...
Gotcha!: a profile of smuggling in international trade
This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of interest is the difference in matched partner trade statistics, i.e., the extent...
Central Bank boards around the world: why does membership size differ?
Berger, Helge, Nitsch, Volker, Lybek, Tonny
This paper analyzes empirically differences in the size of central bank boards (or monetary policy committees) across countries. We discuss the possible determinants of a board’s size. The...
Zooming Out: The Trade Effect of the EURO in Historical Perspective
In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that...
The Group of Eight (G8) is an unofficial forum of the heads of state of the eight leading industrialized countries. In this paper, I examine the effect of the G8 (and its predecessor, the G7) on...
Die another day: duration in German import trade
International trade patterns at the product level are surprisingly dynamic. The majority of trade relationships exist for just a few, often only one to three, years. In this paper, I examine...
Too many cooks? Committees in monetary policy
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue, analyzing the relationship between the number of monetary policy decisionmakers and...
Currency union entries and trade
Recent research suggests that adopting a common currency increases bilateral trade. In this paper, I explore experiences of currency union entry in the post-war period and find no effect on trade....
Tear Down this Wall : On the Persistence of Borders in Trade
Nitsch, Volker, Wolf, Nikolaus
Why do borders still matter for economic activity? The reunification of Germany in 1990 provides a unique natural experiment for examining the effect of political borders on trade both in the...
Tear Down this Wall: On the Persistence of Borders in Trade
Nitsch, Volker, Wolf, Nikolaus
Why do borders still matter for economic activity? The reunification of Germany in 1990 provides a unique natural experiment for examining the effect of political borders on trade both in the...