Baden-Württembergs ländliche Räume galten über Jahrzehnte als Nutznießer des wirtschaftlichen Strukturwandels. Davon zeugen ein robustes Wirtschaftswachstum und ein kontinuierlicher Bevölkerungszuwachs, gespeist vor allem durch Zuwanderungen. In den vergangenen Jahren ist indes ein...

Während Lübeck in der Nachwendezeit unter deutlichen Bevölkerungsverlusten litt, verzeichnet die Stadt seit 2010 wieder steigende Bevölkerungszahlen. Motor dieser Entwicklung ist ein positiver Wanderungssaldo, der die nachteiligen Effekte einer negativen demografischen Entwicklung...

Seit dem Zusammenbruch der DDR hat sich die Bevölkerungszahl in den ostdeutschen Flächenländern um 2,1 Millionen Personen vermindert; dies sind 13,7 Prozent der ursprünglichen Einwohnerzahl. Ausschlaggebend dafür waren nicht nur hohe Nettoabwanderungen insbesondere bei jüngeren...

The empirical performance of macroeconomic exchange rate models is more than disappointing. This dismal result is also reflected in the forecasting capabilities of professional analysts: all in all, analysts are not in a position to beat naïve random walk forecasts. The root for this deficient...

The following paper is a theoretical introduction of the misinformation effect to behavioural finance. The misinformation effect causes a memory report regarding an event or particular knowledge to become contaminated with misleading information from another source. The paper aims to describe...

There is a need to find better models and indicators for large disruptive events, not least in order to be more prepared and mitigate their effects. In this paper we take a step in this direction and discuss the performance of a financial stress indicator with a specific focus on the euro area....

This paper examines the puzzlingly high unexploited momentum returns from a new perspective. We analyze characteristics of momentum traders in a sample of 692 fund managers. We find that momentum traders are 'defined' by their short-term horizon, by a behavioural view on the market and by a...

Purpose – People often face constraints such as a lack of time or information in taking decisions, which leads them to use heuristics. In these situations, fast and frugal rules may be useful for making adaptive decisions with fewer resources, even if it leads to suboptimal choices. When...

Simulations of agent-based models have shown that the stylized facts (unit-root, fat tails and volatility clustering) of financial markets have a possible explanation in the interactions among agents. However, the complexity, originating from the presence of non-linearity and interactions, often...

Simulations of agent-based models have shown that the stylized facts (unit-root, fat tails and volatility clustering) of financial markets have a possible explanation in the interactions among agents. However, the complexity, originating from the presence of non-linearity and interactions, often...