Der Bericht gibt aus makroökonomischer und mikroökonomischer Sicht Aufschluss über die Entwicklung der Investitionstätigkeit und die Finanzierung von Investitionsvorhaben in den Ländern Mittel-, Ost- und Südosteuropas in den letzten zwanzig Jahren. Wir behandeln insbesondere die Fragen,...

Macro-based asset allocation, i.e., the identification of turning points in macro-financial cycles and the allocation of assets accordingly, has attracted a lot of interest in recent years. This interest was sparked by volatile financial markets, more synchronized returns across asset classes...

The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields implied by the macrofinance model partially determine subsequent yield changes over three to nine months. These yield misalignments tend to persist for a number of months. This...

Macro-based asset allocation, i.e., the identification of turning points in macro-financial cycles and the allocation of assets accordingly, has attracted a lot of interest in recent years. This interest was sparked by volatile financial markets, more synchronized returns across asset classes...