unterschiedlich ist. Während die Konjunktur in den Vereinigten Staaten bis zuletzt kräftig war, befindet sich die Wirtschaft im … Impulse etwas an Fahrt verliert, belebt sich die Konjunktur in Europa und Japan mit Abklingen der bremsenden Wirkungen des …

observed that the volatility shocks are quite persistent and take a long time to die out. September 11, 2001incident and … thereafter war on terror has increased the conditional volatility of foreign direct investment and has statistically significant … volatility. One interesting finding of this study is that the impact of Non-Democratic regime before September, 11 scenario is …

Short term climate events such as the sea surface temperature anomaly known as El Niño are financial risk sources … leading to incomplete markets. To make such risk tradable, we use a market model in which a climate index provides an extra … investment option. Given one possible market price of risk each agent can maximize the exponential utility from three sources of …

memory in stochastic volatility (SV) components in order to develop the General Long Memory SV (GLMSV) model. We examine the … corresponding statistical properties of this model, discuss the spectral likelihood estimation and investigate the finite sample …