After exchanges and alternative trading venues have introduced electronic execution mechanisms worldwide, the focus of the securities trading industry shifted to the use of fully electronic trading engines by banks, brokers and their institutional customers. These Algorithmic Trading engines...

Signed customer order flow correlates with permanent price changes in equity and nonequity markets. We exploit macro news events in the 30Y treasury futures market to identify causality from customer flow to riskfree rates. We remove the positive feedback trading part and establish that, in the...

The low unemployment rates traditionally enjoyed by Sweden have often been attributed to the country's extensive system of active labour market programmes, which have thus frequently been regarded as a model for other countries to emulate. However, unemployment grew enormously in Sweden when the...

The 'Swedish model' of active labour market programmes is investigated in relation to some crucial institutional features with two aims: examining how successful it has been in the context of the high unemployment atypically experienced by Sweden in the 1990s and trying to derive some general...

Schulinspektionen haben im Bildungssystem die Aufgabe, die Qualität von Schule zu überprüfen und Impulse für Schulentwicklung anzustoßen. Es gibt jedoch keinen Konsens darüber, was man unter Qualität versteht. Im Rahmen des Beitrags wird untersucht, inwiefern Schulinspektionen in ihren...

This literature review starts with a general discussion of young people and their various activities with special emphasis on youth unemployment and the outcome of alternative ways of measuring the prevalence of unemployment among young people. Thereafter the focus turns to measures targeted at...

Für den Bereich des Winterberges bei Schierke (Harz) existieren Planungen eines Wander- und Skigebietes inkl. Seilbahn. Im Rahmen der Vorbereitung des Raumordnungsverfahrens wurde ein Fachgutachten in Auftrag gegeben, da zwei bereits vorliegende Gutachten zu widersprechenden Bewertungen und...