is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro-area countries. The approach had to be modified when applied to individual denominations [...] sales (EHI Retail Institute 2010). The huge surge is therefore likely to be due to domestic hoarding and especially to foreign demand for euro banknotes. This foreign demand may originate from [...] affected by this is likely to be fairly limited in relation to the total value of banknotes circulating outside Germany. page 6 (net) banknote shipments from Germany to non-euro-area countries

is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro-area countries. The approach had to be modified when applied to individual denominations [...] sales (EHI Retail Institute 2010). The huge surge is therefore likely to be due to domestic hoarding and especially to foreign demand for euro banknotes. This foreign demand may originate from [...] affected by this is likely to be fairly limited in relation to the total value of banknotes circulating outside Germany. page 6 (net) banknote shipments from Germany to non-euro-area countries

is hardly likely to have distorted the results, as this denomination is not likely to be used much in non-euro-area countries. The approach had to be modified when applied to individual denominations [...] sales (EHI Retail Institute 2010). The huge surge is therefore likely to be due to domestic hoarding and especially to foreign demand for euro banknotes. This foreign demand may originate from [...] affected by this is likely to be fairly limited in relation to the total value of banknotes circulating outside Germany. page 6 (net) banknote shipments from Germany to non-euro-area countries

there were fears that the re-setting of computer program dates in order to adjust for the new millennium would have led to a shutdown of important institutions like public utilities, but also the [...] in October 2008, the resulting financial turmoil in the US quickly scaled up to a global financial crisis and led to a visible increase in cash demand worldwide (see figure 1). However, this increase [...] Data refer to cash or banknotes in circulation. Source: National central banks. Obviously, there was a structural difference between the financial crisis 2008 and Y2K with respect to cash demand

erreichen und steht allen Studierenden zu Verfügung (http:// blackboard.haw-aw.de oder http://www.meet-to-learn.de). Nach Außen ist Prof. Dr. Wolfgang Renninger als Sprecher des Arbeits- kreises Virtuelle [...] von überall (z.B. von zu Hause aus) zuzugreifen. eLearning (Blackboard) Ebenfalls aus Mitteln des Konjunkturprogrammes II wurde das eLearning-System der HAW modernisiert. Im Rahmen dieses Pro- [...] Power Sup- plies in Industrial Automation, Vortrag bei der Vector Fields Eu- ropean User Group Meeting and Conference, Oxford University, 13.09. – 17.09.2010, Oxford (England). Prof. Dipl.-Ing

zweijährigem Turnus evaluiert, teils unter Nutzung der webgestützten Lernplattformen Moodle bzw. meet-to-learn. Dar- über hinaus werden in allen Studiengängen Feedback-Gespräche mit den Studierenden [...] sserung der Lehre ein. Lehre-Meeting Am 29. Januar 2014 fand unter Moderation des Studiendekans Prof. Dipl.-Ing. Wolfgang Schindler das jährliche „Lehre-Meeting“ statt, in dem der aktuelle Stand [...] Dr. Elena Minakova-Boblest (Au- gustin) • E-Learning in Moodle und persönliche Unterstützung zum Thema Lebenslauf (Augustin) • E-Learning: Russisch Grammatikkurs (April bis Mai 2014, Au-

growth data allows the central bank to reduce its response to cur- rent inflation, thus enabling it to avoid inefficient reactions to cost push shocks. According to Kilponen and Leitemo (2007), the case [...] function. According to their analysis, the Bundesbank did not respond to the level of the output gap as sug- gested by the Taylor rule, but rather to the change in the output gap as well as to deviations of [...] feature a response to the lagged interest rate, to deviations of inflation from target, to the change in the output gap and possibly, but not neces- sarily, an additional response to short-run movements

or posting to personal, institutional or third party websites are prohibited. In most cases authors are permitted to post their version of the article (e.g. in Word or Tex form) to their personal [...] As mentioned in Section 3.2 we had to restrict our estimation sample to firms which have answered at least six consecutive years. Since this restriction leads to a larger share of large firms in the [...] coefficients are stable and very similar to Specification (6). Thus, we use this model without contemporaneous innovation variables to include further interaction terms to check for some effect heterogeneity

the employed insiders are to a certain degree protected against dismissals the trade unions may be induced to demand higher wages. Both channels lead to higher wage costs and to lower employment and a higher [...] qualifications to this statement will be discussed below). Higher contributions to the social security system by employees or higher taxes on labour income may induce trade unions to demand higher wages [...] and of a higher degree of employment protection all lead to a higher equilibrium real wage rate and to a higher unemployment rate. With respect to the coordination/centralization indicator, the effect

are the first to use net issues of cash of all national euro area central banks to analyze the relationship between cash demand and the shadow economy within a currency union. Up to now, these net [...] estimation methods. To assess the relationship between cash and the shadow economy, it was necessary to control for other motives for holding cash and national peculiarities. To test for robustness [...] shadow economy is a construct which by definition is hard to capture and to estimate. All in all, it seems that cash is probably used to a smaller extent in the context of shadow economic activities

account for the problem that arises in data due to German reunification. All data up to 1990 refer to former West Germany; all data since 1991 refer to Germany. We also tested several other lengths of [...] period. Due to the estimation strategy of calculating growth rates, we need for each firm at least two observations within one period to be able to calculate a growth rate. This leads to an unbalanced [...] This increasing demand leads to an increase in employment in the innovating firm. But the innovation can also lead to a (temporary) monopoly of the firm or at least to a very high market share of

robustness with respect to two commonly used alternative GARCH models. This means that we add the term κht (or κh0.5 t or κln(ht)) to the mean equation (1) to convert the model to a design of the GARCH-M [...] model in two ways. First, in order to capture serial correlation in stock returns, we follow Bhattacharya et al. (2003) and add lagged returns to the mean equation. Second, to test for Friday effects in the [...] model, it is additionally related to two seasonal dummies. In order to determine the size ofm, p and q for each country, we employ a model selection procedure similar to Bollerslev (1988) and Choudhry

robustness with respect to two commonly used alternative GARCH models. This means that we add the term κht (or κh0.5 t or κln(ht)) to the mean equation (1) to convert the model to a design of the GARCH-M [...] model in two ways. First, in order to capture serial correlation in stock returns, we follow Bhattacharya et al. (2003) and add lagged returns to the mean equation. Second, to test for Friday effects in the [...] model, it is additionally related to two seasonal dummies. In order to determine the size ofm, p and q for each country, we employ a model selection procedure similar to Bollerslev (1988) and Choudhry

although the latter to a lesser extent. In what follows, our aim is to use model-based techniques and judgmental approaches to detect these alternative episodes, and thereafter to estimate probabilities [...] compared to Kilian’s index of global economic activity and the index of OECD world industrial production. Stratford (2013) uses linear models to investigate several global indicators' ability to nowcast [...] rates in the advanced economies declined to a lesser extent compared to the emerging world in the Great Recession. In the former, growth rates declined to around -5%, while they did not turn into

although the latter to a lesser extent. In what follows, our aim is to use model-based techniques and judgmental approaches to detect these alternative episodes, and thereafter to estimate probabilities [...] compared to Kilian’s index of global economic activity and the index of OECD world industrial production. Stratford (2013) uses linear models to investigate several global indicators' ability to nowcast [...] rates in the advanced economies declined to a lesser extent compared to the emerging world in the Great Recession. In the former, growth rates declined to around -5%, while they did not turn into

Lehrgebiet Intelligente mobile Systeme Forschungsinteressen Mobile Robotik, reinforcement learning Persönlicher Werdegang Thomas Nierhoff 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 [...] maschinelles Lernen Robert Bosch GmbH: Autonomes Fahren Bosch Center for AI: Robotik, deep learning Technion: Simulation OTH page page O/HUB – Gründungsförderung an der OTH [...] • Scouting • Sensibilisierung • Lehre • Beratung • Partnerschaften • International „Meet the Entrepreneur“ Beschreibung: Sensibilisierung durch Gründerinnen und Gründer in Kursen der

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] crises more and more economists argued in favour of a monetary policy which should pay more attention to monetary variables as early warning indicators of financial market imbalances. The present paper [...] Frankfurt, EZB. Scharnagl, M., C. Gerberding & F. Seitz (2010), Should Monetary Policy Respond to Money Growth? New Results for the Euro Area, International Finance, 13, 409-441. page

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] crises more and more economists argued in favour of a monetary policy which should pay more attention to monetary variables as early warning indicators of financial market imbalances. The present paper [...] Frankfurt, EZB. Scharnagl, M., C. Gerberding & F. Seitz (2010), Should Monetary Policy Respond to Money Growth? New Results for the Euro Area, International Finance, 13, 409-441. page

Bernt Mayer 24 A Micro Data Approach to the Identification of Credit Crunches von Timo Wollmershäuser und Horst Rottmann 25 Strategies and possible directions to improve Technology Scouting in [...] crises more and more economists argued in favour of a monetary policy which should pay more attention to monetary variables as early warning indicators of financial market imbalances. The present paper [...] Frankfurt, EZB. Scharnagl, M., C. Gerberding & F. Seitz (2010), Should Monetary Policy Respond to Money Growth? New Results for the Euro Area, International Finance, 13, 409-441. page

order to cope with the competition and to be able to adapt to the developments, some regional financial institutions have introduced the so- called advisor finder. This study examines to what extent [...] essential for companies to deal with the constant changes in the world of work in order to ensure a future-proof orientation. With a focus on digitalization, the goal is to provide NETZSCH with [...] students to research, how the introduction of an app, for the clear presentation of benefits, can promote employee satisfaction and a company's talent management. In order to be able to cover

order to cope with the competition and to be able to adapt to the developments, some regional financial institutions have introduced the so- called advisor finder. This study examines to what extent [...] essential for companies to deal with the constant changes in the world of work in order to ensure a future-proof orientation. With a focus on digitalization, the goal is to provide NETZSCH with [...] students to research, how the introduction of an app, for the clear presentation of benefits, can promote employee satisfaction and a company's talent management. In order to be able to cover

Riksbank that are considered to be of interest to a wider public. The papers are to be regarded as reports on ongoing studies and the authors will be pleased to receive comments. The opinions [...] will therefore have to use some proxies. While there are reasonable proxies for the seasonal factor of the transaction balance (to be explained below), it is harder to find and argue for hoarding [...] misleading as cash holdings usually increase with nominal GDP. Thus, to do a sensible international comparison we need to relate CiC to nominal GDP. This ratio is shown in Figure 2. We can distinguish

loss in consumption possibilities due to negative interest rates on cash. The consumer has to be compensated in terms of goods to the extent of CV in order to reach the original level of utility [...] welfare loss reduces from €bn 24 to €bn 14, whereas at σ=2 it increases to €bn 36. If the preference parameter (α) is lowered from 0.75% to 0.50% or raised to 1.0%, the welfare losses are €bn [...] deadweight loss (DWL) amounts to €bn 62 per year, corresponding to 0.59% of GDP or € 183 per capita. For Germany the welfare loss (CV) with respect to M3 amounts to €bn 59 which equals 3.6%

G et al. A Survey on Deep Learning in Medi- cal Image Analysis. Medical Image Analysis 2017; 42: 1-38. 2. Zhang Z & Sejdic E. Radiological images and ma- chine learning: trends, perspectives, and [...] 2016 (43): 53-73. 12. Reto Caluori. From nose to knee, Online: https://www.unibas.ch/en/Research/Uni- Nova/Uni-Nova-129/Uni-Nova-129-From-nose-to- knee.html. [1.6.2019]. 13. Cucchiarini M & Madry [...] Sesselmann S et al. Reliabilität der axialen Kompo- nenten-Ausrichtung in der 3D-Planung von Knie-To- talendoprothesen, Online: http://www.hec- tec.de/downloads/pdf/mediCAD_Knee_Pos- ter_Dr_Sesselmann

comprise high-value denominations, from Germany to these countries. As euro cash taken abroad for exchange to foreign currency is conceptually to be assigned to transaction balances and thus probably chiefly [...] denominations up to €100 is likely to take place largely via foreign travel (intra and extra euro area), whereas the €200 and €500 banknotes are likely to be shipped en masse to non-euro-area countries [...] cumulated net shipments (€104 billion) are likely to have been to Russia (€45 billion) and that these banknotes are likely to be kept there due to their store-of-value function or for activities