This paper is the first to discuss the design of futures hedging strategies in European natural gas markets (NBP, TTF and Zeebrugge). A common feature of energy prices is that conditional mean and volatility are driven by seasonal trends due to weather, demand, and storage level seasonalities....

Migration from Africa and the Middle East to the EU has intensified over the last two decades. Relative differences between developed EU and less developed African and Middle East countries have not declined that much and continue to drive mobility. Also, demographic trends show a strong...

This paper investigates the forecasting performance of three popular variants of the non-linear GARCH models, namely VS-GARCH, GJR-GARCH and Q-GARCH, with the symmetric GARCH(1,1) model as a benchmark. The application involves ten European stock price indexes. Forecasts produced by each...

Nach dem leichten Rückgang im vergangenen Jahr auf knapp 978 Mrd. € wird das aggregierte Bauvolumen der 19 Euroconstruct-Länder 2003 über Stagnation kaum hinaus kommen und auch im nächsten Jahr nur wenig ansteigen. Im Ausblick auf 2005 zeichnen die Institute aus 15 westeuropäischen und...

Ende November 2003 fand in Funchal/Madeira die 56. Euroconstruct-Konferenz satt. Die Experten aus den 19 europäischen Ländern, die in dieser Gruppe zusammenarbeiten, gehen davon aus, dass für das Euroconstruct-Gebiet - nach einer Fertigstellung von rund 2,13 Mill. Wohnungen in neuerrichteten...