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Consumption, habit persistence, imperfect information and the lifetime budget constraint
Willman, Alpo - 2003
Based on the householdsu0092 utility maximisation, a closed form approximation of the consumption function is derived and the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our approach is the parameterisation of the information...
Persistent link: https://www.econbiz.de/10009635925
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Household's portfolio structure in Germany
Ramb, Fred; Scharnagl, Michael - 2011
Based on a Financial Almost Ideal Demand System (FAIDS), this paper investigates the wealth structure of German households. The long-run wealth elasticities and interestrate elasticities were calculated using a unique new quarterly financial accounts macrodata set which covers the period from...
Persistent link: https://www.econbiz.de/10009640844
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Leitlinien zu einigen Aspekten der MiFID-Anforderungen an die Compliance-Funktion
European Securities and Markets Authority - 2012
Persistent link: https://www.econbiz.de/10010335223
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Optimal dynamic risk sharing when enforcement is a decision variable
Koeppl, Thorsten V. - 2003
decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent first-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …
Persistent link: https://www.econbiz.de/10009635888
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Growth expectations, capital flows and international risk sharing
Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003
international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …
Persistent link: https://www.econbiz.de/10009635970
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Risk sharing through financial markets with endogenous enforcement of trades
Köppl, Thorsten V. - 2004
When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are … an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved … allow for optimal risk sharing as long as markets are complete, default is prevented in equilibrium and intermediaries …
Persistent link: https://www.econbiz.de/10009636542
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Making sustainable consumption and production a reality
Julien, Bruno (contributor) - 2009
This guide shows how a life cycle approach can be used to identify and reduce the environmental and health impacts of the products we use. It underlines the importance of considering these issues across the entire life cycle of a product and sets them within the context of policy development,...
Persistent link: https://www.econbiz.de/10009640202
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Mapping the impacts of recent natural disasters and technological accidents in Europe
Saurí, David (contributor); Milego, Roger (contributor);  … - Europäische Umweltagentur; European Environment Agency - 2004
This is the first EEA publication to address the impacts of natural disasters and technological accidents across Europe. Focusing on major events between 1998 and 2002, the report adds value to existing studies by bringing together available information on their human and economic costs and...
Persistent link: https://www.econbiz.de/10009636847
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FOREST FIRES: causes and contributing factors in Europe
Bassi, Samuela; Kettunen, Manuela - 2008
The present study aims to provide a critical analysis of the causes that lead to the most relevant recent forest fires events in the EU, focusing in particular on Southern European countries. In particular, the study assesses to what extent forest fires have been influenced by forest management,...
Persistent link: https://www.econbiz.de/10009638564
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Evaluation of European Commission’s Cooperation with Nicaragua 1998-2008 : Final Report ; Volume I – Main report
Aide à la Décision Economique, … - 2009
between post-disaster relief, reconstruction and development (LRRD). It further assesses the use of the budget support …
Persistent link: https://www.econbiz.de/10011799416