In this paper we design a simple trading strategy to exploit the hypothesized distinct informational content of the arithmetic and geometric mean. The rejection of cointegration between the two stock market indicators supports this conjecture. The profits generated by this cheaply replicable...

In most of the empirical research on capital markets, stock market indexes are used as proxies for the aggregate market development. In previous work we found that a particular market segment might be less efficient than the whole market and hence easier to forecast. In this paper we extend the...

If some of the returns to migration accrue from return migration, the optimal duration of migration may be shorter than the feasible duration of migration. We develop a model that provides and highlights conditions under which return migration takes place even though a reversal of the inter-...

The current crisis is different from the situation 2008/2009, but again it is a tremendous chal-lenge for the economies across Europe. The Corona-crisis is hitting the economies symmetri-cally, though with differences in magnitude levels, while the 2009 crisis was primarily a crisis of the...

Die Evaluation des FIW erstreckte sich insgesamt über ein Jahr und umfasste dabei verschiedene Methoden. Ausgehend von einer deskriptiven Darstellung bzw. Erhebung der Leistungen des FIW (Veranstaltungen, Publikationen) wurden darauf aufbauend weitere Verfahren angewendet, wie etwa ein...