expect the two regimes to correspond to the normal and ‘inverted’ yield curve, and for the bank–public spread to the normal and ‘widened’ spread. The observed spread series Y is assumed to be drawn fromFig. [...] may be due to the differential response of the Bundesbank to under- and overshootings of its monetary target, raising rates in response to an overshoot- ing but not lowering them in response to overshooting [...] for Germany, so we adopt a methodology similar to that in Artis et al. (1995) to identify 7 inflation cycle turning points. We assume thatAccording to Von Hagen (1999), the call rate has been the troughs

is equal to the inflation target ��p�t � �̂�. Market forces operating behind the Phillips curve then tend to eliminate any price gap inherited from the past. Hence, actual inflation converges to the target [...] targeting based on a `limited' information set. In contrast to `full information' inflation forecast targeting, monetary growth targeting is likely to be more robust under changing conditions of the real world [...] Svensson Franz Seitz Karl-Heinz ToÈdter* University of Applied Sciences, Deutsche Bundesbank Amberg-Weiden 1. In a further paper Rudebusch and Svensson (2000) try to show that a Eurosystem style of

changing world will eventually cease to be relevant. There is much still to learn in the field of economic policymaking, and [a central bank] must continue to learn and update its thinking” (IMF, 2000 [...] designed to disseminate and to provide a platform for discussion of either work of the staff of the OeNB economists or outside contributors on topics which are of special interest to the OeNB. To ensure [...] Governing Council wants on occasion to meet at a national central bank to underline the European nature of the system. Recently, the Governing Council of the ECSB decided to reduce the frequency of monetary

state of the technology. In order to be able to represent all economically relevant information of the underlying technology the variable cost function must meet certain regularity conditions (Lau [...] for constant returns to scale. To do this the restrictions in (17) were examined both individually and simultaneously with the Wald test. The hypothesis of constant returns to scale was rejected (Wald [...] parameters of this restriction proved to be insignificant (t-values: - 0.56 and -0.56), these parameters were set equal to zero for the final estimation in order to achieve the most efficient specification

Oktober 2001, 53. Jg., S. 15 – 31 (http://www.bundesbank.de). Deutsche Bundesbank, How to Pave the Road to E(M)U: the Monetary Side of the Enlargement Process (and its Fiscal Sup- port), Beiträge zu [...] S. 3 – 7. Remsperger, H., Erweiterung der Europäischen Union und der Währungsunion: Maastricht meets Kopenhagen, in: Deutsche Bundesbank Auszüge aus Presseartikeln, Nr. 53 vom 5. Dezem- ber 2001b, S

refer to IEC 60068, which is valid for conventional capacitors. Correspondingly, electrical tests have to be performed at temperatures between 15 °C and 35 °C, a relative humidity of 45 % to 75 %, [...] discharge current according to Table 1 may be reduced by a factor of two, a fifth or a tenth. Current values I > 10 A are rounded to two significant digits and currents I ≤ 10 A to one significant digit [...] current according to Table 1 may be reduced by the half, a fifth or a tenth. Electric power reflects the maximum current the supercapitor is able to supply, when it is discharged to the half of its

langen, Bereich Bildverarbeitung; dort z. Zt. 4 Diplomarbeiten aus der Lehrveranstaltung Real to Virtual. Prof. Dipl.-Ing. Wolfgang Schindler: - Zusammenarbeit mit Siemens VDO, Regensburg [...] Fertigungsautomatisierung u. Produktionssystematik der FAU Erlangen § Blöchl W.: „Productivity meets Flexibility“, Workshop, Werkzeugmaschinenlabor § Blöchl W.: „Leistungssteigerung in der spanenden

represents the state of technology. In order to be able to represent all economically relevant information of the underlying technology, the cost function must meet cer- tain regularity conditions: C [...] public sector are not included. The data for Germany refer to West Germany until 1990 and to unified Germany from 1991 onwards. In order to eliminate the “outlier” in the growth rates for 1991, [...] /PDFXNoTrimBoxError true /PDFXTrimBoxToMediaBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ] /PDFXSetBleedBoxToMediaBox true /PDFXBleedBoxToTrimBoxOffset [ 0.00000 0.00000

uncommon factors are needed to explain the recent behaviour of bond yields. To examine this issue, we use our preferred model to calculate a "fair value" of bond yields. To be specifically, it is derived [...] observable but have to be proxied for empirical work. Second, the strength of the effect of expected inflation is ambiguous. Invoking the Fisher effect would allow to impose a one-to-one relationship [...] 5 7.5 Therefore, it seems reasonable to restrict the VECM to one cointegration relationship and – as the unit root tests mentioned above suggest – to include the indicator for the expected

Hegemann, W., Gökcay, W., Bischof, F., Hackner, T.: Upgrading of Wastewater Lagoons to Mi- nimize Evaporation Losses and to Produce an Effl uent Free of Bacteria , Konferenzbeitrag und Proceedings, IWA [...] Herrmann und Herrn Georg Schieder • Messestand der Hochschule bei der Ausbildungsmesse „School to Business“ im Berufl ichen Schulzentrum Am- berg am 12. April 2005 • Teilnahme am Festakt des Au [...] außerdem im Rahmen von Fach- tagungen wie „Patinfo 2005“, „VPP Herbsttagung“, EPIDOS „Far East meets West in Vienna“, OTTI „Patente lesen und recherchieren“, „Leitbild Informationskompe- tenz“ (Online

page Abstract What role does (should) money play in modern central banking? To answer this question, it is necessary to distinguish between the different level playing fields of monetary policy. At [...] relative to interbank deposits. First, central bank balances carry no default risk. No private bank or other financial firm can match this. Second, central banks typically provide access to liquidity [...] especially important in the event of a serious liquidity problem. Banks may want to maintain a clearing account at the central bank to obtain funds quickly and conveniently from the discount window. Third, banks

Diesel gemischt und in herkömmlichen Motoren verbrannt werden. CTL- (Coal-to-Liquid) und GTL-Kraftstoffe (Gas-to-Liquid) werden seit 1938 in Deutschland hergestellt. Das Verfahren wurde nach dem [...] 77 Engl. “oxygenates”: Alkohole, Ether, Fettsäuremethylester. 78 MTP = Methanol To Propylen; MTG = Methanol To Gasoline; s. a. DME (Abschnitt 3.8). page Alternative Kraftstoffe und Hy [...] 63 Engl. „Syn(thetic) Fuel“ aus fossilen Energieträgern, Sunfuels aus Biomasse. BTL = Biomass- to-Liquid; vgl. a) www.btl-plattform.de; Kaltschmitt/Hartmann (2001); Kamm et al. (2005). 64 Vgl. Umweltrat

References in publications to ROME Discussion Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author(s) to protect the tentative character [...] Abstract What role does (should) money play in modern central banking? To answer this question, it is necessary to distinguish between the different level playing fields of monetary policy. At [...] relative to interbank deposits. First, central bank balances carry no default risk. No private bank or other financial firm can match this. Second, central banks typically provide access to liquidity

represents the state of technology. In order to be able to represent all economically relevant information of the underlying technology, the cost function must meet cer- tain regularity conditions: C must [...] public sector are not included. The data for Germany refer to West Germany until 1990 and to unified Germany from 1991 onwards. In order to eliminate the “outlier” in the growth rates for 1991, we include [...] defensive reaction to the threat of unemployment. This poses the following question: Are the labour market institutions also endogenous in respect to the employment thresholds? This seems to be less likely

represents the state of technology. In order to be able to represent all economically relevant information of the underlying technology, the cost function must meet cer- tain regularity conditions: C must [...] public sector are not included. The data for Germany refer to West Germany until 1990 and to unified Germany from 1991 onwards. In order to eliminate the “outlier” in the growth rates for 1991, we include [...] defensive reaction to the threat of unemployment. This poses the following question: Are the labour market institutions also endogenous in respect to the employment thresholds? This seems to be less likely

represents the state of technology. In order to be able to represent all economically relevant information of the underlying technology, the cost function must meet cer- tain regularity conditions: C must [...] public sector are not included. The data for Germany refer to West Germany until 1990 and to unified Germany from 1991 onwards. In order to eliminate the “outlier” in the growth rates for 1991, we include [...] defensive reaction to the threat of unemployment. This poses the following question: Are the labour market institutions also endogenous in respect to the employment thresholds? This seems to be less likely

steht allen Studieren-den zu Verfügung (http://blackboard.fh-amberg-weiden.de oder http:// www.meet-to-learn.de). Aktuell unterstützt Blackboard über 100 Lehrveranstaltungen in unterschiedlichen [...] e Patentanmeldung Nr. 07008635.0- 2424 vom 27.04.2007 • Höß, A., Steuerer, M.: CAN connected to FlexRay - a basic idea of the conversion process of FlexRay and CAN data; Embedded World [...] Forums 2007: „Energieeinsparung in Betrieben“ im Rahmen der IHK-Energietagung in Am- berg; „Concept to save Energy in the corrugated card- board Industry“ im Rahmen der BHS Innovision Days 2007

numerous initiatives. E.g. the programme MeiLe (multimedia in teaching) was launched with the goal to achieve competitive advantages with e- learning in the sector of education. After a general phase of [...] about possible potentials of use for e- learning. On the basis of a framework the question is pursued to what extent today’s solutions also assure sustained success. It turns out that e-learning obviously [...] found its “everyday” place yet. The everywhere perceived approaches and the apparent attractiveness to the ministry in terms of e- learning has been a long time in coming that in upcoming years a distinct

numerous initiatives. E.g. the programme MeiLe (multimedia in teaching) was launched with the goal to achieve competitive advantages with e- learning in the sector of education. After a general phase of [...] about possible potentials of use for e- learning. On the basis of a framework the question is pursued to what extent today’s solutions also assure sustained success. It turns out that e-learning obviously [...] found its “everyday” place yet. The everywhere perceived approaches and the apparent attractiveness to the ministry in terms of e- learning has been a long time in coming that in upcoming years a distinct

company, which the SME's can meet effectively only by co-operation. These co- operation are successful in the operational business on the way. How measurably successful they are, is to be investigated with this [...] Network Scorecard als Instrument der Erfolgsmessung in virtuellen Unternehmen ...... 24 5.2. Cash to Cash Cycle ....................................................................................... [...] K., Walther, J.( 2007), S. 3 4 Vgl. ebenda 5 Vgl.: Roland Berger Strategy Consultants (2008): How to navigate the turbulent waters of the automotive crises page 5 Anteil am Pr

company, which the SME's can meet effectively only by co-operation. These co- operation are successful in the operational business on the way. How measurably successful they are, is to be investigated with this [...] Network Scorecard als Instrument der Erfolgsmessung in virtuellen Unternehmen ...... 24 5.2. Cash to Cash Cycle ....................................................................................... [...] K., Walther, J.( 2007), S. 3 4 Vgl. ebenda 5 Vgl.: Roland Berger Strategy Consultants (2008): How to navigate the turbulent waters of the automotive crises page 5 Anteil am Pr

und steht allen Studierenden zu Verfügung (http://blackboard.haw-aw.de oder http://www.meet-to-learn.de). Aktuell unterstützt Blackboard über �00 Lehrveranstaltungen in unterschiedlichen Lernszena- [...] Konferenzbeitrag WCRR; Seoul �008. Prof. Dr. Josef Pösl: • Lepke, H., Pösl, J.: Wide Area Access to Embedded Systems for Automotive Applications; Wireless Congress �007; München, November �007 [...] Tiehm, A.: Develop- ment of innovative processes for waste water treatment by MBR with respect to the removal of persistent organic pollutants. In: 6th IWA Specialist Conference on Wastewater

the Phone screen, enter the number you want to call. 2. To edit the number press the Bksp softkey to erase the previous character, one character at a time. To remove the entire number, press Clear. [...] n. Making a call using edit dialing Voraussetzungen Your system administrator has to authorize this function. To set up edit dialing, see Auswäh- len der Wahleinstellungen auf Seite 21. Edit dialing [...] just start entering the number without hearing a dial tone. Using the Bksp softkey, you can backspace to "edit" the number before actually dialing it. Making a call using edit dialing Avaya one-X™ Deskphone

the Phone screen, enter the number you want to call. 2. To edit the number press the Bksp softkey to erase the previous character, one character at a time. To remove the entire number, press Clear. [...] n. Making a call using edit dialing Voraussetzungen Your system administrator has to authorize this function. To set up edit dialing, see Auswäh- len der Wahleinstellungen auf Seite 23. Edit dialing [...] just start entering the number without hearing a dial tone. Using the Bksp softkey, you can backspace to "edit" the number before actually dialing it. Making a call using edit dialing Avaya one-X™ Deskphone

2006 to the beginning of 2008 and resulted in a oil price of over USD 140 per barrel. Subsequently, the oil price fell to below USD 40 by the beginning of 2009, only to rise to levels of up to USD 80 [...] research to determine whether the correlations discovered here are also to be found in models with monthly or quarterly frequency. Above and beyond that, it is interesting to investigate to what extent [...] Greek Treasury. Main tasks of the Specialist are to participate with continuity and efficiency to the governments' securities auctions, to contribute to the efficiency of the secondary market through market