given by:
Xi,t+h = αi,h + θhMPt + φ′h(L)Zi,t−1 + ui,t+h (1)
where Xi,t+h is the variable of interest, subindex i denotes the country, MPt is an
exogenous monetary policy shock, αi,h captures coun [...] t + h to a monetary policy shock at time t is given
by the estimated coefficient θh. Thus, the impulse responses are derived by esti-
mating a series of single regressions for each horizon h = 0 [...] Sciences Amberg-Weiden, Weiden Business School, Hetzen-
richter Weg 15, D-92637 Weiden, Germany. Email: <h.rottmann@oth-aw.de>
1
page
1 Introduction
Empirical research on the side-effects of
given by:7
Xi,t+h = αi,h + θhMPt + φ′h(L)Zi,t−1 + ui,t+h (1)
where Xi,t+h is the variable of interest; subindex i denotes the country; MPt is an
exogenous monetary policy shock; αi,h captures coun [...] Moreover, we estimate a model in first differences, which is specified as:
Xi,t+h −Xi,t−1 = αi,h + θhMPt + φ′h(L)Zi,t−1 + ui,t+h, (5)
where the vector of control variables Zi,t−1 comprises the log difference [...] this idea
more deeply by estimating a linear model of the form:
Xi,t+h = αi,h + θhMPt + γhI × MPt + φ′h(L)Zi,t−1 + ui,t+h, (6)
over the entire 2002Q1–2018Q4 sample, where I is a dummy variable
andere?“ näher untersucht:
H1. Der Dunning-Kruger-Effekt tritt im Kompetenzbereich
Fremdsprachen auf.
H2. Männer überschätzen sich stärker als Frauen.
H3. Der Dunning-Kruger-Effekt ist [...]
H4. Der Dunning-Kruger-Effekt tritt bei jüngeren Proband:innen
verstärkter auf als bei älteren.
H5. Ab einem Alter von 75 Jahren nimmt der Dunning-Kruger-Effekt
erneut zu.
H6. Je höher [...] erunterschiede sind für Englisch (Kruskal-Wallis-H = 4.37, p
= .04), Matrizen (Kruskal-Wallis-H = 5.92, p = .02) und Deutsch (Kruskal-
Wallis-H = 13.30, p < .001) signifikant. Diese Werte bestätigen
Leahy, S. O'Brien and B. Segendorff for providing data. We are also indebted to N.
Bartzsch, H. Fujiki, K.-H. Tödter, F. Schneider and J. Winchcombe as well as the participants of a seminar hosted
by the [...] Discussion Paper, Payment Cards Center, Federal Reserve Bank of
Philadelphia, January.
Chen, H., W. Engert, K. P. Huynh, G. Nicholls, M. Nicholson & J. Zhu (2020), Cash and COVID-
19: The impact [...] (2019), Has Globalization Changed the Inflation Process?, BIS Working Papers No
791, June.
Fujiki, H. (2019), Cash Usage Trends in Japan: Evidence using aggregate and household survey
data, TCER Working
University of Applied Sciences Amberg-Weiden, Hetzenrichter Weg 15, D-92637 Weiden,
Germany. Email: h.rottmann@oth-aw.de
page
1. Introduction
Banks play an essential role in the proper functioning [...] both timeseries
are nearly identical (they have a correlation of 99.72% and a t-value of 1.0225 for H0:
the difference is 0) we decided on the approach of Ben Ammar, Eling, and Milidonis
(2018). BMMkt [...] where fb are the long-short portfolios BMMkt, HBMLB, or HCMLC. We
report the absolute t-values to H0—the coefficient is indistinguishable
from 0—between parentheses. The sample period used in the spanning
schemes stay well behind their huge potential.
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denkbaren
Themenbereichen konzentrieren sich SCHULTE und WÖRSTER derweil hier auf Tierhaltung, d.
h. auch auf Tierwohl und Tierschutz und entsprechende Zertifizierungen. Die Gründe für diese
Entscheidung [...] Microfinance have an impact on borrower’s consumption patterns and women’s
empowerment?
von Charlotte H. Feldhoff, Yi Liu und Patricia R. Feldhoff
68 Uncertainty in the Black-Litterman Model - A Practical
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empowerment?
von Charlotte H. Feldhoff, Yi Liu und Patricia R. Feldhoff
68 Uncertainty in the Black-Litterman Model - A Practical
m
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.
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A
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co
v
er
th
e [...] University of Applied Sciences Amberg-Weiden, Hetzenrichter Weg 15, D-92637 Weiden,
Germany. Email: h.rottmann@oth-aw.de
page
1. Introduction
Investments considering ventures’ environmental [...] lu
e
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t −
2
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o
.
C
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(D
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fr
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’s
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circumstances (democracy, protest/demonstration, political culture).
JEL: A 13, E 70, H 71, Q 14, Q 18
Schlüsselwörter: Politische Kommunikation, Demokratieforschung, EU/GAP,
Agrar [...] nicht zu vernachlässigender Anteil der Diskussionen verlagert sich merklich in Me-
taebenen, d. h.: Es entstehen Diskurse darüber, wie Proteste ausgestaltet sind, wie stark sie stö-
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22 Cf. Höhlich, H.; Hofer, Th. (2022).
page
18
to higher charges for already existing borrowers, depending [...] potential for a setback or a longer
correction phase.
23 Cf. Bank of England (1994).
24 Hannoun, H. et al: Memorandum on the ECB`s Monetary Policy, 04 October 2019.
25 Critical questions o regarding
costs, given the production technology:
yjt =
kθk
jt h
θh
jt h
eθe
jt h
bθb
jt − Θ if ztk
θk
jt h
θh
jt h
eθe
jt h
bθb
jt ≥ Θ
0 otherwise
Cost minimization implies the program: [...] y:
Kb
t+1 = τ bpH µ
∆p
It
nmax (n̄t − n̂t) ,
and
Ke
t+1 = τ epH
n̄t∫
n̂t
Re,ind
t dG(nt) +
nmax∫
n̄t
Re,di
t dG(nt)
, (B.2)
⇔ Ke
t+1 = τ epH
nmax
[
(n̄t − [...] = q̃βpH
(
R − B + µ
∆p
)
Ĩ
nmax (˜̄n− ˜̂n) ,
b̃ = q̃βpH
(
R − B
∆p
)
Ĩ
nmax (nmax − ˜̄n) ,
Π̃ = (1 − s̃)Ỹ
• Entrepreneurs and bankers:
C̃e = q̃(1 − τ e)pH
nmax
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Labat, H. (2024). Is cash a public good? Is it a basic right? A critical examination of the
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empowerment?
von Charlotte H. Feldhoff, Yi Liu und Patricia R. Feldhoff
68 Uncertainty in the Black-Litterman Model - A Practical
March.
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empowerment?
von Charlotte H. Feldhoff, Yi Liu und Patricia R. Feldhoff
68 Uncertainty in the Black-Litterman Model - A Practical
festgeschrieben. Damit war
die Bank verpflichtet, sowohl Inflation als auch Deflation zu verhindern, d.h. eine
„größtmögliche Stabilität des Binnen- und (in Grenzen auch) des Außenwerts der Währung im
Sinne [...] Staatsschulden.
page
12
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d1105
h1207
p1409
l1705
z1802
Material LMR
Material PTA
Material OVE
Material [...] locale=de-DE
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* Wir danken S. Hardt, F. Knümann, R. Rotzler, M. Uhl und H. Wörlen für wertvolle Hinweise.
annotation mailto:malte.krueger@th-ab.de mailto:malte.krueger@th-ab [...] allerdings „zahlen“ Verbraucher in solchen Fällen mit der Preisgabe der
persönlichen Daten.7 D. h., Verbraucher können Dienstleistungen im Tausch gegen die
Preisgabe persönlicher Daten in Anspruch
improved. This also helped to better cope with the Great Re-
cession of 2009.
JEJ-Code: O11, O23, H3, H5
Keywords: Developing countries, Africa, fiscal policy, business cycles
Willi Leibfritz [...] Germany – 92637 Weiden
h.rottmann@oth-aw.de
November 2013
page
2
1. Introduction
Report 419, May.
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Institution.
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Vulnerability, Journal of Money
Report 419, May.
Bakhshi, H., Martin, B., Yates, T. (2002), How Uncertain are the Welfare Costs of
Inflation?, Bank of England Working Paper No. 152, February.
Balfoussia, H., S.N. Brissimis & M.D. [...] Literature 37, pp. 1661-1707.
Cochrane, J.H. (2007a), Inflation Determination with Taylor Rules: A Critical
Review, NBER Working Paper No. 13409.
Cochrane, J.H. (2007b), Identification with Taylor Rules: [...] J.G. & E.S. Shaw (1960), Money in a Theory of Finance, The Brookings.
Institution.
Hahm, J.-H., H.S. Shin & K. Shin (2013), Noncore Bank Liabilities and Financial
Vulnerability, Journal of Money
Report 419, May.
Bakhshi, H., Martin, B., Yates, T. (2002), How Uncertain are the Welfare Costs of
Inflation?, Bank of England Working Paper No. 152, February.
Balfoussia, H., S.N. Brissimis & M.D. [...] Literature 37, pp. 1661-1707.
Cochrane, J.H. (2007a), Inflation Determination with Taylor Rules: A Critical
Review, NBER Working Paper No. 13409.
Cochrane, J.H. (2007b), Identification with Taylor Rules: [...] J.G. & E.S. Shaw (1960), Money in a Theory of Finance, The Brookings.
Institution.
Hahm, J.-H., H.S. Shin & K. Shin (2013), Noncore Bank Liabilities and Financial
Vulnerability, Journal of Money
Report 419, May.
Bakhshi, H., Martin, B., Yates, T. (2002), How Uncertain are the Welfare Costs of
Inflation?, Bank of England Working Paper No. 152, February.
Balfoussia, H., S.N. Brissimis & M.D. [...] Literature 37, pp. 1661-1707.
Cochrane, J.H. (2007a), Inflation Determination with Taylor Rules: A Critical
Review, NBER Working Paper No. 13409.
Cochrane, J.H. (2007b), Identification with Taylor Rules: [...] J.G. & E.S. Shaw (1960), Money in a Theory of Finance, The Brookings.
Institution.
Hahm, J.-H., H.S. Shin & K. Shin (2013), Noncore Bank Liabilities and Financial
Vulnerability, Journal of Money
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of Applied Sciences Aschaffenburg
Würzburger Straße 45
D-63743 Aschaffenburg
Germany
thomas.jost@h-ab.de
Abstract:
Germany is often criticized for its large current account surpluses. The