Auflistung Sonderforschungsbereich 649: Ökonomisches Risiko nach Titel
Anzeige der Publikationen 569-588 von 832
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2017-08-11DiskussionspapierRacial/Ethnic Differences In Non-Work At Wor
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2009-11-09DiskussionspapierReal and Nominal Rigidities in Price Setting This paper uses the Bayesian approach to solve and estimate a New Keynesian model augmented by a generalized Phillips curve, in which the shape of the price reset hazards can be identi…ed using aggregate data. My empirical ...
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2006-10-12DiskussionspapierReal Balance Effects, Timing and Equilibrium Determination This paper examines whether the existence and the timing of real balance effects contribute to the determination of the absolute price level, as suggested byPatinkin (1949,1965), and if they affect conditions for local ...
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2007-02-05DiskussionspapierReal Origins of the Great Depression Most treatments of the Great Depression have focused on its onset and its aftermath. In contrast, we take a unified view of the interwar period. We look at the slide into and the emergence from the 1920-21 recession and ...
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2012-05-22DiskussionspapierRealized Copula We introduce the notion of realized copula. Based on assumptions of the marginal distri- butions of daily stock returns and a copula family, realized copula is defined as the copula structure materialized in realized ...
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2017-11-06DiskussionspapierRealized volatility of CO2 futures The EU Emission Trading System (EU ETS) was created to reduce the CO2 and other greenhouse gas emissions at the lowest economic cost. In reality market participants are faced with considerable uncertainty due to price ...
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2006-09-11DiskussionspapierReassessing Intergenerational Mobility in Germany and the United States Using longitudinal data on fathers and their children, this study compares the extent of intergenerational mobility in Germany and the United States and introduces an estimation strategy that corrects estimates of ...
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2008-07-16DiskussionspapierRecurrent Support Vector Regression for a Nonlinear ARMA Model with Applications to Forecasting Financial Returns Recurrent Support Vector Regression for a Nonlinear ARMA Model with Applications to Forecasting Financial Returns Abstract: Motivated by the recurrent Neural Networks, this paper proposes a recurrent Support Vector Regression ...
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2008-01-21DiskussionspapierRecursive Portfolio Selection with Decision Trees A great proportion of stock dynamics can be explained using publicly available information. The relationship between dynamics and public information may be of nonlinear character. In this paper we offer an approach to stock ...
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2013-05-06DiskussionspapierReference Dependent Preferences and the EPK Puzzle Supported by several recent investigations, the empirical pricing kernel (EPK) puzzle might be considered a stylized fact. Based on an economic model with state dependent preferences for the financial investors, we want ...
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2007-04-18DiskussionspapierRegional and Outward Economic Integration in South-East Asia The subject of this paper tackles questions of macroeconomic integration of the South-East Asian countries South Korea, Singapore and Taiwan. Economically, the analysis is based on notions of stochastic long-run convergence ...
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2006-02-06DiskussionspapierRegional Labor Markets, Network Externalities and Migration: The Case of German Reunification Fifteen years after German reunification, the facts about slow regional convergence have born out the prediction of Barro (1991), exceptthat migration out of East Germany has not slowed down. I document that in particular ...
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2009-05-05DiskussionspapierRegression methods for stochastic control problems and their convergence analysis In this paper we develop several regression algorithms for solving general stochastic optimal control problems via Monte Carlo. This type of algorithms is particularly useful for problems with a highdimensional state space ...
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2006-07-06DiskussionspapierRegression methods in pricing American and Bermudan options using consumption processes Here we develop methods for e±cient pricing multidimensional discrete-time American and Bermudan options by using regression based algorithms together with a new approach towards constructing upper bounds for the price of ...
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2009-07-31DiskussionspapierRegulation and Investment in Network Industries We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications by using a comprehensive data set covering 70+ fixed-line operators in 20 countries over 10 years. Our ...
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2009-01-22DiskussionspapierRegulatory Risk under Optimal Incentive Regulation The paper provides a tractable, analytical framework to study regulatory risk under optimal incentive regulation. Regulatory risk is captured by uncertainty about the policy variables in the regulator’s objective function: ...
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2006-12-18DiskussionspapierRelational Contracts and Inequity Aversion We study the effects of envy on the feasibility of relational contracts in a standard moral hazard setup with two agents. Performance is evaluated via an observable, but non-contractible signal which reflects the agent´s ...
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2005-09-29DiskussionspapierRelational Contracts and Job Design This paper analyzes the problem of optimal job design when there is only one contractible and imperfect performance measure for all tasks whose contribution to firm value is non-veritable. I find that task splitting is ...
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2016-08-29DiskussionspapierRelative Performance of Liability Rules We compare the performance of liability rules for managing environmental disasters when third parties are harmed and cannot always be compensated. A firm can invest in safety to reduce the likelihood of accidents. The ...
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2009-12-03DiskussionspapierRenting versus Owning and the Role of Income Risk In a world with complete markets and no transactions cost, the decision whether to rent or buy a home is separate from a household's professional income risk. If markets are incomplete and have frictions, however, profession- ...