Transaktions-
größen konzentrieren (siehe dazu auch Becker, 1975, S.63f., Cagan, 1958, S. 306f., Galli,
1980, S. 3, Kimball, 1981, S.44f.).
In den Abbildungen 18 und 19 sind die entsprechenden [...] angewen-
det, vgl. Ha (1994), ~ n i e ~ e r l ~ a (l994), S. 13-15.
4 7 ~ ~ = + log (2 x ) +("1 -ist definiert als LL -" ( 2 )- - log f s sR) .
2 2 ) \ N
wobei N die Anzahl der Beobachtungen und [...] Vol. 66, S. 303-328
Calvo, Guillermo A., Kumar, Manmohan S. (1994), Money Demand, Bank Credit, and Eco-
nomic Performance in Former Socialist Economies, IMF Staff Papers, Vol. 41, S. 3 14-349
rates, of which there have been only three in the sample period considered (in the mid-1990s, the late-
1990s and the Great Recession in 2008-09); (ii) periods of robust growth, either briefly following [...] the recession regimes, apart from the Great Recession, also adds various episodes in the
1980s and 1990s (see Appendix B) that are partly captured by the global model, too. The estimated
transition [...] late 1990s as well as the Great Recession. Moreover, it
shows that the high growth regime generally follows recessions, but was also in place over the “Great
Moderation” and in the late 1980s. The
Contents
Abstract 5
1 Introduction 7
2 The Eurosystem�s balance sheet, the supply and demand for deposits,
and the logic of the ECB�s liquidity management4 8
3 The autonomous liquidity factors [...] ECB Working Paper No 44 � February 20018
2 The Eurosystem�s balance sheet, the supply and demand for
deposits, and the logic of the ECB�s liquidity management4
The natural starting-point for any [...] Tuesday in
respect of the preceding Friday (see the ECB�s Web site at http://www.ecb.int). 5 Table 1 constitutes
a simplified version of the Eurosystem�s balance sheet of 26 November 1999, which shows all the
Working Paper 1803, June 2015 27
page
Chart D1: Impulse responses to Cholesky one S.D. innovations ± 2 S.E.
Notes: Impulse responses for GDP growth (y) following innovations in the term spread [...] in Economics at https://ideas.repec.org/s/ecb/ecbwps.html.
Information on all of the papers published in the ECB Working Paper Series can be found on the ECB’s website,
http://www.ecb.europa.eu/pub/ [...] annotation http://ssrn.com/ http://ssrn.com/
annotation https://ideas.repec.org/s/ecb/ecbwps.html https://ideas.repec.org/s/ecb/ecbwps.html
annotation http://www.ecb.europa.eu/pub/scientific/wps/dat
R O P E A N C E N T R A L B A N K
WO R K I N G PA P E R S E R I E S
BACKGROUN
D STUDY
FOR THE EVALUATION
OF
THE ECB’S M
ON
ETARY
POLICY STRATEGY
page
© European Central [...] narrow money?
page
E U R O P E A N C E N T R A L B A N K
WO R K I N G PA P E R S E R I E S
E
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B
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B
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E
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WORKING PAPER NO. 254
[...] of the background studies prepared by ECB staff as an input into the Governing Council’s reflections on the ECB’s monetary
policy strategy.The views expressed in this paper do not necessarily reflect those
Paper Ser ie s No . 330
April 2004
page
transactions purposes was 45% in the first half of the 1990s just to fall back to about 25 % in the
second half of the 1990s.62 Taken the 1990s together [...] of small banknotes declined in the first half of the 1980s (see Chart 3). In
the second half of the 1980s and in particular during the 1990s, small-value banknotes have been
relatively stable in [...] that the high interest rates of the late 1980�s and the early 1990�s were
a spur to the development of EFTPOS cash substitutes.
26
ECB
Work ing Paper Ser ie s No . 330
April 2004
page
and Seitz
by
Elsevier, and the attached copy is provided by Elsevier for the
author’s benefit and for the benefit of the author’s institution, for
non-commercial research and educational use including without [...] internet sites, your personal or institution’s
website or repository, are prohibited. For exceptions, permission
may be sought for such use through Elsevier’s permissions site at:
http://www.elsevier [...]
April.
Nicoletti Altimari, S., 2001. Does money lead inflation in the euro area? ECB Working Paper, vol. 63. May.
Porter, R.D., Judson, R., 1996. The location of U.S. currency: how much is abroad?
und Praxis sichert einen nachhaltigen Lernerfolg.
• SAP S/4HANA (TS410)*
• SAP S/4HANA Customizing*
• SAP FI mit SAP S/4HANA
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• SAP PPS [...] ungen
teilzunehmen. erp4students bietet
Beraterzertifizierungen in den Berei-
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Alle weiteren Informationen dazu
finden Sie
Nomenclature
c absolute velocity (m/s)
D diameter (m)
h enthalpy (J/kg)
p pressure (N/m2)
u circumferential velocity (m/s)
v specific volume (m3/kg)
w relative velocity (m/s)
∆ difference
CFD Computational [...] radial inflow cantilever turbine (Figure 4 b) benefits from this “u1
2-u2
2” -effect.
The author´s research group has recently developed small cantilever „quasi-impulse“ turbines
which do not accelerate [...] Working fluid: compressed air (pressure dew point ca. – 40°C at 10 bar)
Mass flow rate: 0,065 kg/s
Inlet pressure: 10 bar (a)
Outlet pressure: 1 bar (a)
Inlet temperature: about 20-22 °C
Rotational
,
S. 29 und d i e s . : Fundamentale Bestimmungsgründe ...“, a.a.O.,
S. 62; H. F r i t z , H.-J. Wa g e n e r, a.a.O., S. 619; und W. S c h ä f e r,
a.a.O., S. 97.
32 H. B e rg e r, a.a.O. S. 26 [...] europäischen Integration, Nr. 12, März 2004, S. 25; Europäische
Zentralbank: Infl ation Differentials ..., a.a.O., S. 34; S. F e u e r s t e i n ,
O. G r i m m , J. S i e b k e : Die Osterweiterung der Europäischen [...] Monatsbericht Februar 2004, S. 56.
14 Vgl. R. D o b r i n s k y, a.a.O., S. 314.
15 Zur Rolle von Direktinvestitionen beim Technologietransfer siehe
etwa T. J o s t : Auswirkungen von Direktin
Sitzungsprotokollen
würde diese Tendenz eher noch wei-
ter verschärfen.
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22.2.2001, at the University
Frankfurt (http://www.ifk-cfs.de).
Bernanke, B.S., Laubach, T., Mishkin, F.S., Posen, A.S. (1999), Inflation Targeting – Lessons
from the International Experience, Princeton [...] Bayreuth), K. Wesche (University Bonn), B. Hayo (University Essen) as well as S. Haas
(University of Applied Sciences Amberg-Weiden) and S. Luther (University of Applied Sciences Nuremberg)
for their valuable [...] 38 “This mechanism became established in the UK in the 1890s, as Richard Sayers has documented (Sayers,
1957, 8-19), in the USA in the 1920s after the founding of the Fed, and in most other developed
3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=6BiM689s1WF0qYgPcaoewypEWlQkNoi9TvR8wga5Vho%3D&reserved=0 https://eur04.safelinks.protection.outlook.com/?ur [...] 3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=6BiM689s1WF0qYgPcaoewypEWlQkNoi9TvR8wga5Vho%3D&reserved=0
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meta:save-date [...] vom Unser Zeichen
hm/GF
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Postfach 10 11 39
40002 Düsseldorf
l^-» <s> c^ Tel.: +49 211 900977-10
IL~- *v*_ J y( ic £> Fax: +49 211 900977-11v>t -O lrjT9t- ^^e^^t: E-Mail:
Bank of
Minneapolis, The Region, Juni 2004, S. 1-11.
Bernanke, B.S., Laubach, T., Posen, A.S., Mishkin, F.S. (1999): Inflation Targeting:
Lessons from the International Experience, Princeton University [...] Money, Credit and Banking,
Vol. 25, S. 151-162.
Apel, E. (2003): Central Banking Systems Compared, Routledge, London et al.
Bernanke, B.S. (2004): Interview with Ben S. Bernanke, in Federal Reserve Bank [...] Policy
Review, Vol. 1, S. 1–19.
Mishkin, F.S. (2004): The Economics of Money, Banking and Financial Markets, 7. A.,
Pearson Addison Wesley, Boston et al.
Pollard, P.S. (2003): A Look Inside Two
Review, Vol. 6 (2005), S. 37 - 78.
Dow, S.C.: Money Supply: Endogenous or Exogenous? In: Snowdon, B./Vane, H.R. (Hrsg.): An Ency-
clopedia of Macroeconomics. Cheltenham (UK) 2003, S. 500 - 503.
Europäische [...] 2003, S. 295).
„... central banks choose to set interest rates and allow the public to determine the quantity of money
which is supplied elastically at the given interest rate“ (King 2002, S. 85). [...] mittel- und längerfristigen Zins-
sätze und damit zu Ineffizienzen (vgl. Bindseil 2004b, S. 32 f.; Issing 2001, S. 17 f.). Auch
das Instrument der Mindestreserve würde in Frage gestellt, da das Bankensystem
Lager-Palette quer statt längs
z.B. [GÖR-00, S.24]
„Der Kommissionierer kann sich die optimale
Arbeitshöhe einstellen …“
Logistik für Unternehmen 1/2-2010, S. 27
„…automatische Höhenanpassung der [...] 2
0
5
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0
0
3
0
3
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0
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15 bis <35 Jahre
35 bis <50 Jahre
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Tensions and Prospects, Boston, S. 263-312.
seitz Evans, P. (1985), Money, Output and Goodhart's Law: The U.S. Experience, The Review of Economics and Statistics, Vol. 67, S. 1-8.
seitz Fagan, G., Henry [...] Staff Papers, Vol. 38, S. 1-32.
seitz Carr, J., Darby, M.R. (1981), The Role of Money Supply Shocks in the Short-Run Demand for Money, Journal of Monetary Economics, Vol. 8, S. 183-199.
seitz Cogley [...] Parameter Model, Federal Reserve Bank of San Francisco, Economic Review, No. 3, S. 35-41.
seitz Ericsson, N.R., Irons, J.S. (1995), The Lucas Critique in Practice – Theory Without Measurement, in: Hoover
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Nickell, S. (1997), Unemployment and Labour Market Rigidities: Europe versus North America.
Journal of Economic Perspectives 11, 55-74.
Nickell, S. (2003), Labour Market Institutions [...] dam.
Nickell, S. and L. Nunziata (2001), Labour Market Institutions Database. Version 2.
www://cep.lse.ac.uk/pubs/download/data0502.zip
page
11
Nickell, S., Nunziata, L. and W
test for Gibrat’s Law, which states that the growth rate of a
firm is independent of the size of a firm (Gibrat 1931). Many studies have dealt with the
empirical test of Gibrats’s Law, especially [...] Journal of Industrial Economics 35(4), 583-606.
Hamermesh, D. S. (1993), Labor demand, Princeton University Press.
Hamermesh, D. S. and G. A. Pfann (1996), Adjustment Costs in Factor Demand,
Journal [...] Lachenmaier, S and L. Wößmann (2004), Does innovation cause exports? Evidence
from Exogenous Innovation Impulses and Obstacles Using German Micro Data, CESifo
Working Paper 1179.
Nickell, S. (1997),
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