In this paper, we review the most common specifications of discrete-time stochastic volatility (SV) models and illustrate the major principles of corresponding Markov Chain Monte Carlo (MCMC) based statistical inference. We provide a hands-on ap proach which is easily implemented in empirical...

In 1958 Jacob Mincer pioneered an important approach to understand how earnings are distributed across the population. In the years since Mincer's seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array...

Der anhaltende Klimawandel, die Folgen der Finanz- und Wirtschaftskrise und die aktuellen Bestrebungen in Deutschland, nach der Havarie des Atomkraftwerks Fukushima I eine zügige Wende hin zu einer nachhaltigen Energieversorgung zu vollziehen, haben die öffentliche Diskussion um Quellen,...