einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte …, output decreases in most subsectors after a restrictive monetary shock. The sectors of electrical and electronic equipment … be explained by the fact that monetary policy works mainly as supply shock in some subsectors. But the identified price …

trading frictions to motivate the issue of risk-spreading ‘bundled’ debt are more promising for money creation, although they … impact of uncertainty and failed expectations induced by money leads to specific patterns of economic disruption. These …

motion (GBM) process. That is, we show what difficulties can arise when failing to account for estimation risk. Our working … difficulties that can ensue when failing to account for estimation risk in valuation and hedging formulae. …We quantify the effects on contingent claim valuation of using an estimator for the volatility of a geometric Brownian …

transitory gains also increases as earnings predictability declines (uncertainty effect), as CEOs get closer to retirement … effect). This study has practical implications for regulators, corporations and investors, both in the USA and abroad. …

volatility on foreign exchange markets. Starting point is the market participant's microeconomic investment decision, which is … trading volume and volatility on foreign exchange markets. We apply various two-country-models with representative market … participants, lock-in effect and risk diversification and also a comprehensive model with heterogeneous participants - investors …

into volatility persistence in stock returns. In part two, I show that the introduction of continuous trading on the WSE is … volatility on days after limit hits and positive autocorrelation in stock returns. I do not find significant advantages of this …

increasingly exposed to model risks stemming from model misspecification, estimation risk or measurement error. In view of these … gegenwärtigen Risikomaße ignorieren größtenteils das systematische Risiko, das durch Korrelationen von Finanzanlagen, Finanzmärkten … on assessing, modelling and forecasting risks during different financial times. The existing risk measures largely ignore …

One of the impacts of higher prices along with greater volatility in futures and basis is thatthere is pressure for an … escalation in cash contracting for grain. This volatility has resulted inan unprecedented level of contracting with growers in … and the marketing system, particularly as buyers seek to usesuch contracting strategies as an element of risk mitigation …

risk estimation approach the study also applies a dynamicpanel estimator. The estimates suggest that the average farmer …. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in …

the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …