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A tale of two debt crises: a stochastic optimal control analysis

Stein, Jerome L. - Institut für Weltwirtschaft (IfW) - 2009

Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...

Persistent link: https://www.econbiz.de/10008561122

Uncertainty and economic analysis of climate change : a survey of approaches and findings

Peterson, Sonja - Institut für Weltwirtschaft (IfW) - 2006

frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …

Persistent link: https://www.econbiz.de/10010955710

Wechselkursunsicherheit und Außenhandel: Eine Analye der theoretischen Literatur

Fischer, Malte - Institut für Weltwirtschaft (IfW) - 1997

The impact of exchange rate uncertainty on international trade has been discussed controversially in economic policy … the influence of exchange rate uncertainty on trade, conclude that exchange rate uncertainty has a negative impact on the … assumptions in order to better reflect reality, these extended modeis show that under certain conditions exchange rate uncertainty …

Persistent link: https://www.econbiz.de/10009276144

Ex-ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of GM crops

Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus - Institut für Weltwirtschaft (IfW) - 2009

standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …

Persistent link: https://www.econbiz.de/10008561127

The Contribution of Economics to the Analysis of Climate Change and Uncertainty: A Survey of Approaches and Findings

Peterson, Sonja - Institut für Weltwirtschaft (IfW) - 2004

analysis of climate change is confronted with a large degree of uncertainty and (c) that these uncertainties need to be taken … task is to provide formal frameworks and techniques for analyzing climate policy in the context of uncertainty. The aim of …

Persistent link: https://www.econbiz.de/10005818798

Cobweb theorems with production lags and price forecasting

Dufresne, Daniel; Vázquez-Abad, Felisa - Institut für Weltwirtschaft (IfW) - 2012

The classical cobweb theorem is extended to include production lags and price forecasts. Price forecasting based on a longer period has a stabilizing effect on prices. Longer production lags do not necessarily lead to unstable prices; very long lags lead to cycles of constant amplitude. The...

Persistent link: https://www.econbiz.de/10010983178

An Economic Assessment of Biogas Production and Land Use under the German Renewable Energy Source Act

Ruth Delzeit ; Britz, Wolfgang - Institut für Weltwirtschaft (IfW) - 2012

Abstract: The Renewable Energy Source Act (EEG) promotes German biogas production in order to substitute fossil fuels, protect the environment, and prevent climate change. As a consequence, green maize production has increased significantly over the last years, causing negative environmental...

Persistent link: https://www.econbiz.de/10010886844

Innovation Rankings: Good, Bad or Revealing?

Cai, Yuezhou; Hanley, Aoife - Institut für Weltwirtschaft (IfW) - 2013

The standard indicators used to compare cross-country innovation are in the Global Competitiveness Report (GCR). But there are problems with aggregation and response bias with these largely self-reported measures (Hollanders and van Cruysen, 2008). We propose a theory-based metric using Data...

Persistent link: https://www.econbiz.de/10010886857

DART-BIO: Modelling the interplay of food, feed and fuels in a global CGE model

Calzadilla, Alvaro; Delzeit, Ruth; Klepper, Gernot - Institut für Weltwirtschaft (IfW) - 2014

Land use and land use change are determined as much by economic and institutional drivers as they depend on bio-physical conditions. Future pathways of socio-economic and environmental systems can only be assessed with scenarios which describe possible future paths of development. For this...

Persistent link: https://www.econbiz.de/10010886906

Information stickiness in general equilibrium and endogenous cycles

Gomes, Orlando - Institut für Weltwirtschaft (IfW) - 2012

Traditionally, observed fluctuations in aggregate economic time series have been mainly modelled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger...

Persistent link: https://www.econbiz.de/10010956107