The JEL classification system is a standard way of assigning key topics to economic articles to make them more easily retrievable in the bulk of nowadays massive literature. Usually the JEL (Journal of Economic Literature) ...

We match data on performance in a multiple-choice examination with data on risk preferences from a classroom experiment. Students who are more loss averse leave more questions unanswered and perform worse in the exam when ...

This paper aims to model the joint dynamics of cryptocurrencies in a nonstationary setting. In particular, we analyze the role of cointegration relationships within a large system of cryptocurrencies in a vector error ...

Stagnant levels of output and incomplete recoveries in the interwar business cycle have received fresh attention in recent work. Building on the work of Borchardt (1991 [1979]), Fisher and Hornstein (2001) calibrate an ...

The paper investigates analytical properties of dynamic probabilistic constraints (chance constraints). The underlying random distribution is supposed to be continuous. In the first part, a general multistage model with ...

Das duale Ausbildungssystem in Deutschland gilt im internationalen Vergleich als vorbildlich. Gleichwohl gelingt vielen Jugendlichen kein reibungsloser Einstieg in den Arbeitsmarkt. Etliche Unternehmenkonstatieren einen ...

With increasing wind power (WP) penetration an extensive amount of volatile and weather dependent energy is fed into the German electricity system. To manage the volume risk of windless days and the transfer of revenue ...

Survey research aims to collect robust and reliable data from respondents. However, despite researchers’ efforts in designing questionnaires, survey instruments may be imperfect, and question structure not as clear as could ...

Deep learning has substantially advanced the state of the art in computer vision, natural language processing, and other fields. The paper examines the potential of deep learning for exchange rate forecasting. We systematically ...