The article sets out to approach mortgage markets and their impact on the financial structure and on the financial stability. The synthesizing of studies done lead to the conclusion that the institutional characteristics of the mortgage market influence the monetary policy shocks on the prices...

Spekulative Immobilienpreisentwicklungen bergen erhebliche real- und finanzwirtschaftliche Risiken und waren zuletzt verstärkt Gegenstand öffentlicher Debatten. Jüngste Erfahrungen aus anderen Ländern wie den USA oder Spanien haben gezeigt, welche negativen Konsequenzen mit dem Platzen...

This paper revisits the filtering and prediction in noncausal and mixed autoregressive processes and provides a simple alternative set of methods that are valid for processes with infinite variances. The prediction method provides complete predictive densities and prediction intervals at any...

Recent research has established log-periodic power law (LPPL) patterns prior to the detonation of the German stock index (DAX) bubble in 1998. The purpose of this article is to explore whether a Langevin equation extracted from real world data can generate synthetic time series with comparable...