In this research paper accuracies (percentage errors, MAPE) of different procedures (growth, ARIMA(X), exponential smoothing and deterministic trend models) in forecasting new passenger car registrations in Germany are presented. It is found that the Logistic Growth Model provides rather...

Chapter 1. Global Climate Risks and China's Strategies -- Chapter 2. Evaluation on the Green and Low-carbon Development in Chinese Cities -- Chapter 3. Evolution and Challenges of the Global Climate Governance System -- Chapter 4. Risk Management of Climate Disasters in International...

In this paper we propose a novel methodology to analyze optimal policies under model uncertainty in micro-founded macroeconomic models. As an application we assess the relevant sources of uncertainty for the optimal conduct of monetary policy within (parameter uncertainty) and across models...

Model risk as part of the operational risk is a serious problem for financial institutions. As the pricing of derivatives as well as the computation of the market or credit risk of an institution depend on statistical models the application of a wrong model can lead to a serious over- or...