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Life Cycle Cost Analysis provides a form of synopsis of the initial and consequential costs of building related decisions. These cost figures may be implemented to justify higher investments, for example, in the quality or flexibility of building solutions through a long term cost reduction. The...
Persistent link: https://www.econbiz.de/10009438368
created by polling the respondents on their expectations versus intentions. Expectation-based forecasts are more efficient … statically significant positive relationship between confidence and the accuracy of individual-level expectations. This positive …
Persistent link: https://www.econbiz.de/10009438764
The European Union beef market regulation is largely influenced by the Common Agricultural Policy (CAP). With the 1992 CAP reform, there was a partial shift by the EU from product price support to a more direct form of income support by way of direct payments. For beef there was a move to direct...
Persistent link: https://www.econbiz.de/10009443856
This paper takes a new empirical look at the long-standing question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan's exports to the United States from 1989-1998. In particular, we employ sectoral-level, monthly data and an innovative...
Persistent link: https://www.econbiz.de/10009445066
In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in …, we show that this kind of model performs well in simulation experiments. Focusing upon producers' expectations in the …
Persistent link: https://www.econbiz.de/10009447863
impact of uncertainty and failed expectations induced by money leads to specific patterns of economic disruption. These …
Persistent link: https://www.econbiz.de/10009465939
It is known that overlapping generations models with imperfectly competitive firms may exhibit a continuum of stationary equilibria. The reason of this indeterminacy is that different price expectation functions of consumers lead to different objective demand functions against which firms...
Persistent link: https://www.econbiz.de/10009471633
We study the determinants of liquidity and price differentials between on-the-run and off-the-run U.S. Treasury bond markets. To guide our analysis, we develop a parsimonious model of multi-asset speculative trading in which endowment shocks separate the on-the-run security from an otherwise...
Persistent link: https://www.econbiz.de/10009476933
This paper examines the impact that a currency target zone has on short-term interest rates. For a number of countries in the European Monetary System, we characterize the short rate using a regime-switching model that allows fbr a differently parameterized mean-reverting square-root process in...
Persistent link: https://www.econbiz.de/10009448628
This research thesis is devoted to the analysis of sentiments and expectations in the system of economic markets with … from January 1991 to June 2010 to quantify sentiments, expectations and economically relevant variables and examine the … with economic variables like investments, incoming orders and stock market developments. The expectations, the assessment …
Persistent link: https://www.econbiz.de/10009480631