application of the approach in relation to bank deposits, investments, business projects and international activities such as …

paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper …

Previous research has shown that seasonal factors provide one of the most important ways to improve forecast accuracy …. For example, in forecasts over an 18-month horizon for 68 monthly economic series from the M-Competition, Makridakis et al … the other hand, research has also shown that seasonal factors sometimes increase forecast errors (e.g., Nelson, 1972). So …

important choices relates to the treatment of the central bank’s behaviour within the assessment. We first differentiate between … two basic ways of assessing future inflation: forecast and simulation. A forecast is the most likely picture of the future …. In a forecast, all agents are assumed to behave in the most likely way. A simulation, on the other hand, is the most …

We analyze the role of state-ownership in the banking sector from the perspective of competition. Considering both the … charge and/or offer relatively customer friendly interest rates? And (iii) is competition intensified by the conduct and … presence of cantonal banks. Based on a detailed database containing information at he individual bank level over the 1996 …