regime i to regime j is
10 signalled at time t if p . p andThe last two tests are discussed in Engel and Hamilton it21ut21 jt21ut21
(1990). p , p . Over our sample there were threeit ut jt ut
[...] points when inflation changes its signal to be issued at time t if p .it21ut21
course from acceleration to deceleration and p and p , p . A signal for a switchjt21ut21 it ut jt ut
22vice versa. from a [...] turning point
P(S 5 juS 5 i, S 5 k, . . . )t t21 t22is thought to occur at the most extreme value of
inflation between two consecutive regimes. 5 P(S 5 juS 5 i) 5 pt t21 ij
2
and O p 5 1, i 5 1, 2ij8The
supplemented by taking a supply relation into consideration:
page
4
P
CV
Y
=
∂
∂
*Θ , (4)
where P represents the output price and Θ the mark-up over the marginal costs. The price [...] may depend on the growth rate of output.
For this reason we specify the price equation as
( )P w
CV
YY= +β β
∂
∂0 1 (20)
with Yw as the growth rate of real output.
Our investigation [...] 2: Summary statistics
Equation R2 Durbin-Watson ARCH CUSUM Jarque-Bera
CV
L/Y
M/Y
P
0.9997
0.9965
0.9850
0.9967
1.2695
1.1162
1.5771
1.4471
0.147
0.618
notwendig » ."
Gerhard Kocher, Vorsicht, Medizin, 1555 Aphorismen und Denkanstösse, Verlag Ott/h.e.p. Verlag Bern,
3. erweiterte Auflage mit 88 Cartoons, 2006, ISBN 3-7225-0048-6,, S. 77
page
Systemen.................................................................431
7.3 Implementierung der P/V-Simulationen...............................................................................443
[...] coordinate(.)....................................................................445
7.4 Nutzung der P/V-Simulationen im zentralen Algorithmus...................................................451
Systemen.................................................................431
7.3 Implementierung der P/V-Simulationen...............................................................................443
[...] coordinate(.)....................................................................445
7.4 Nutzung der P/V-Simulationen im zentralen Algorithmus...................................................451
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pdf:docinfo:custom:CitaviDocumentProperty_7 Ler [...] Lernstrategien Schulung
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pdf:docinfo:custom:CitaviDocumentProperty_1 6.3
Microeconometric Evidence, ZEW Discussion Paper 04(73).
Petit, P. (1995), Employment and Technological Change, in: Stoneman, P. (ed),
Handbook of the Economics of Innovation and Technological Change [...] for West German manufacturing firms, Journal of Industrial
Economics 46(3), 359-382.
Stoneman, P. (1983), Economic Analysis of Technological Change, Oxford University
Press.
Sutton, J. (1997),
Fra
Ger
Ire
Ita
Jpn
Nld
Nzl
Nor
Esp
Swe
Gbr
Usa
0
1
2
3
E
P
I/
F
it
te
d
v
a
lu
e
s
0 20 40 60 80
REI
OECD versus Worldbank
We
Hochschule
Amberg-Weiden
w.renninger@oth-aw.de
www.oth-aw.de
Fo
to
: H
SD
Fo
to
: p
riv
at
26 Fachaufsätze
04 | 2017 DNH
page
Mensch in diesem Wechselspiel einnehmen
(Hg.), Macroeconometrics: Developments, 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 [...] seitz Goodhart, C. (1989), Money, Information and Uncertainty, 2. A., Hong Kong.
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King, M.: No Money, no Inflation — the Role of Money in the Economy. In: Mizen P.(Hrsg.): Central
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Pearson Addison Wesley, Boston et al.
Pollard, P.S. (2003): A Look Inside Two Central Banks: The European Central Bank and
the Federal Reserve, Federal
assets
P.1: Banknotes in circulation
A.2a: Loans to credit institutions
A.2b: Securities
P.2: Liabilities against credit institutions
A.3: Other factors P.3: Other factors [...] (including gold) 26.4
P.1: Banknotes in circulation 563.5
A.2a: Loans to credit institutions 0.1
(Discount Window)
A.2b: Securities 555.2
P.2: Liabilities 19.0
(against [...] Foreign assets (including gold) 348.8
P.1: Banknotes in circulation 348.6
A.2a: Loans to credit institutions 252.2
A.2b: Securities 78.5
P.2: Liabilities 116.7
(against credit
of markets as mainly acting in a destabilising manner
is to my mind a biased one.“ T. P a d o a - S c h i o p p a : Exchange rate
issues relating to the acceding countries, Keynote speech at the IMF [...] ationäres Umfeld zurück, was die Anleger vor einem
langfristigen Engagement zurückschrecken ließ. Vgl. P. D e G r a u w e :
Economics of Monetary Union, 5. Aufl ., Oxford 2003, S. 31 f. Aufgrund
des großen [...] Europäische Zentralbank: Infl ation Differentials ....,
a.a.O., S. 39-42, vgl. hierzu auch H. R e m s p e rg e r : Wettbewerbs-
vorteile durch niedrige Infl ation, in: Deutsche Bundesbank, Auszüge
aus P
WEISS A. P.: Volumetric Expander Versus Turbine – Which is the better Choice for Small
ORC Plants?, 3rd International Seminar on ORC Systems, October 12-14, Brussels,
Belgium
[6] WEISS A. P.: Der Prüfstand [...] MICRO TURBINE GENERATORS FOR WASTE HEAT
RECOVERY AND COMPRESSED AIR ENERGY STORAGE
WEISS Andreas P. , ZINN Gerd
The paper introduces a micro turbine generator construction kit and
discusses possible [...] throttled down – valuable energy is wasted. Again, a micro turbine
a b
page
WEISS Andreas P., ZINN Gerd
generator could recover a portion of the energy which was necessary to bring the
to a misinterpretation of currency developments.
Acknowledgement
I am grateful to B. Fischer, P. Köhler and an anonymous referee for helpful comments.
References
Banco de España, 1996. Determinantes [...] Boeschoten, W.C., 1992. Currency Use and Payments Patterns. Kluwer Academic Publishers, Dordrecht.
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p
τ
(8) ),,(**)1(),,( *
1
*
11
*
1
*
1,*
1
*
*
*
*
*
,**
*
+
++
+
+
++=
t
tt
t
tf
tc
t
tt
t
tf
tc p
cue
p
cu
cußr
p
cue
p
cu [...] tf
tc
tt
tt
t
tf
tpcu
tt
tt
t
tf
tc
t p
cue
p
cu
cuß
pp
cue
p
cu
cu
pp
cue
p
cu
cu
p f
(10) ),,(*1),,(1),,(1
*
1
*
11
*
1
*
1,*
1 [...] tf
tc
tt
tt
t
tf
tpcu
tt
tt
t
tf
tc
t p
cue
p
cu
cuß
pp
cue
p
cu
cu
pp
cue
p
cu
cu
p
Conditions (6) and (7) refer to home optimisation, (8) � (10) to
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
C
B
E
Z
B
E
K
T
B
C
E
E
K
P
WORKING PAPER NO. 254
FORECASTING [...] BY C. BRAND2, H.-E. REIMERS3
AND F. SEITZ4
September 2003
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
BACKGROUN
D STUDY
FOR THE EVALUATION
OF
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Money Demand Functions, Journal of Money, Credit and Banking, 46, pp. 229-241.
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Economics, 53, pp. 183-197.
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Inflation, Banca
ULRICH BINDSEIL
AND FRANZ SEITZ
February 2001
E U R O P E A N C E N T R A L B A N K
WORKING PAPER SERIES
page
page
E U R O P E A N C E N T R A L B A N K
WORKING PAPER SERIES [...] international capital markets� by C. Detken and P. Hartmann,
April 2000.
20 �Convergence of fiscal policies in the euro area� by O. De Bandt and F. P. Mongelli,
May 2000.
21 �Firm size and monetary [...] and P. Hartmann, November 2000.
36 �Measuring core inflation in the euro area� by C. Morana, November 2000.
37 �Business fixed investment: Evidence of a financial accelerator in Europe� by P. Vermeulen
08
Q
3
10
Q
1
11
Q
3
13
Q
1
14
Q
3
16
Q
1
17
Q
3
PW-P[Regime 0] PW-P[Regime 1] PW-P[Regime 2]
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
81
Q
3
83
Q
1
84 [...] 3
10
Q
1
11
Q
3
13
Q
1
14
Q
3
16
Q
1
17
Q
3
PsmoW-P[Regime 0] PsmoW-P[Regime 1] PsmoW-P[Regime 2]
ECB Working Paper Series No 2310 / August 2019 15
page
Table [...] well as
others where the link to activity is more indirect (Baltic Dry Index, Brent oil price, S&P global stock
price index). He finds that the indicators are most helpful during periods of large
Beträge aufgebaut haben.
*Ich danke R. Fecht, H. Henmam, H. Pick, R. Seiler, E. Stöß, K.-H. Tödter, P. Walter, T. Westemam von
der Deutschen Bundesbank, W. Boeschoten von der Niederländischen Zentralbank [...] Ausland befindet. Um den Inlandsteil
herauszufinden, wird folgende Geldnachfragefunktion geschätzt (p ist der Deflator des Pri-
vaten Verbrauchs)?
Der unbekannte Wert von 0 gibt den (konstanten)
einzelnen Länder in Kilometern; Quelle:
http://www.indo.com.
Literatur
Agarwal, J.P., Determinants of Foreign Direct Investment: A Survey, Weltwirtschaftliches
Archiv, Vol. 116, 1980 [...] 1988.
Dunning, J.H., Multinational Enterprises and the Global Economy, Wokingham, u.a. 1994.
Egger, P., European Exports and Outward Foreign Direct Investment: A Dynamic Panel Data
Approach, Weltwi [...] estfälischen Instituts für Wirtschaftsforschung, N.F., 1999, S. 129-148.
Jost, T., Nunnenkamp, P., Bestimmungsgründe deutscher Direktinvestitionen in
Entwicklungs- und Reformländern – Hat sich wirklich
KRAMARZ, Francis, SEVESTRE, Patrick (1996), Dynamic Labour
Demand Models. In: Matejas, L., Sevestre, P. (eds.), The Econometrics of Panel Data. A
Handbook of the Theory with Applications, 2nd rev. ed.,
Manche Hersteller nutzen die UPnP-
Funktion von Routern, damit sich ihre Ge-
räte selbsttätig eine Port-Weiterleitung im
Router einrichten. Das spart zwar Zeit, aber
wenn UPnP anhaltend aktiv ist, kann auch