literature tries to decompose this intratemporal elasticity into its main components, the "Ins and Outs of Unemployment" (Shimer …

employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment … that a persistent lack of demand is responsible for the major part of the German unemployment problem. … und Lohn-bedingten Arbeitslosigkeit in Frage stellen. Es deutet vielmehr einiges darauf hin, dass die hohe …

The model, by using the option theory, determines the fair value of the policies life with different time of maturity … and shows that the effective liabilities duration of an Insurance Company exposed to the default-risk is different from … the duration of a default-free zero coupon bond with the same time of maturity. Furthermore, it shows that the value of …

. Among the traditional ones we have the duration, which measures the bond price sensitivity to changes of interest rates …

protection and the surrender possibility. Furthermore, it determines the implied duration of banks liabilities so to show that … the surrender possibility will reduce the effective duration of banks liabilities. Implications for the immunization are …

The model, by using the option theory, determines the fair value of the life insurance policies in absence of default … options between policyholders and shareholders. Furthermore, it shows that the effective liabilities duration is different … from the duration of a default free zero coupon bond with the same time of maturity such that the equity value is immunized …

The model, by using the option theory, determines the fair value of the insurance life policies with different time of … maturity and shows that the effective liabilities duration of an Insurance Company exposed to the default risk is different … from the duration of a default free zero coupon bond with the same time of maturity. Furthermore, it shows that the value …