Präsentation von Forschungsergebnissen zum Thema „Algi- nates to simulate tumor lesions in phantoms for 3D SPECT and an alternative to Jaszak phantom in the quality assurance process“ auf der [...] medical implants and electronic devices due to radiation“. Ein weiterer Beitrag „Implementation and Evaluation of Segmentation Algorithms According to Multimodal Imaging in Personalized Medicine“ [...] Danzig, die Spring-School „Automotive Engineering & Electric Cars“ mit der TU Ostrava, „Meet Up! Flucht und Heimat“ (Deutsch-Ukrainisches Austauschseminar) oder die Bavarian Summer School

ischen Austauschprojektes „Meet Up: Flucht und Heimat“ • Neuplanung des Zusatzangebots ab 2017 • Antragsstellung für verschiedene Förderprogramme (Meet Up, INTERREG, DAAD-Ostpartnerschaft [...] ECSEL-Forschungsprojekt 3Ccar (EU, H2020) 01.06.2015 – 30.05.2018 320.000 € Erweiterung der C2I (Car-to-Infrastructure) Kommunikation durch LTE-Verbindung für Anwendungen in Elektrofahrzeugen Projekt [...] Maschinenbau, Medienproduktion und -technik sowie Umwelttechnik • „A Mirco Data Approach to the Identification of Credit Crun- ches“, angenommen und vorgetragen auf verschiedenen inte

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

OTHmag 2018.01 31 OTH Vision Die Nächte der großen Ideen meetDigitals Start-up Nights an der OTH Amberg-Weiden Bei den beiden meetDigitals Start-up Nights an der OTH in Weiden und Amberg kam zusammen [...] Start-up Night in Weiden Mehr über meetDigitals erfahren Sie unter: www.meetdigitals.com Alexander Hofmann, Louis Bauer und Tobias Walbert von meetDIGITALS page 5. – 6. März 2018 [...] gearbeitet haben. Die Teilnehmenden der 1. Indo-German Summer-Winter-School Q ue lle : To b ia s Ro id l page OTHmag 2018.01 29 OTH Campus Der von der Studier

which we compare to actual developments to get an idea of the magnitude of the evolving disequilibri- um. This helps to answer the question whether the bond market overvaluation from 2004 to 2006 has been [...] represents the state of technology. In order to be able to represent all economically relevant information of the underlying technology, the cost function has to meet certain regularity conditions: C must [...] 2006 from USD 1100 billion to USD 2000 billion. This is equivalent to about 35 % of Federal Government’s total liabilities. Our sample of monthly data runs from 1986:1 to 2006:6. The business cycle

2018.02 Editorial gemeinsam mit über 200 Besucherinnen und Besuchern habe ich im November die meetDIGITALS Inspiration & Start up Night an der OTH Amberg-Weiden besucht. Wie viele Gäste habe ich [...] Viele Grüße Prof. Dr. Andrea Klug Präsidentin der OTH Amberg-Weiden Gründerszene Oberpfalz: meetDIGITALS Event an der OTH in Weiden page Impressum Herausgeber Prof. Dr. Andrea Klug, [...] Deutschland gehen. Florians Traum, Musik zu machen und davon leben zu können, geht in Erfüllung. Fo to : Lu ka s B ud im ai er „Schon am ersten Abend in Hamburg gab es Standing

en sl an ge s Le rn en BeförderungSoft Skills Fa ch kr äf te Fa m ili e MeetUps Bildungsregion Nordoberpfalz page 23 OTH Friends OTHmag 2020.01 Für nähere [...] Stock, Raum 308, gleich neben dem Aufzug. Ein Ort um die Seele baumeln zu lassen „I want to ride my bicycle“ Die Wege an der OTH in Amberg und Weiden sind allgemein recht kurz. Nicht nur

However, in order to gain additional insights on the models’ ability to explain monetary developments, the last four available observations (2008 Q4 to 2009 Q3) are used to produce out-of-sample [...] seems to interact with wealth and borrowing. In order to be able to more fully analyse the interaction between money holdings, consumption and wealth, the financing of households needs to be modelled [...] Landesberger 3 1 We are grateful to Mika Tujula for providing euro area household wealth data, to Gabe de Bondt for sharing his equity market related measures and to Wolfgang Lemke for providing his

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

loss in consumption possibilities due to negative interest rates on cash. The consumer has to be compensated in terms of goods to the extent of CV in order to reach the original level of utility [...] welfare loss reduces from €bn 24 to €bn 14, whereas at σ=2 it increases to €bn 36. If the preference parameter (α) is lowered from 0.75% to 0.50% or raised to 1.0%, the welfare losses are €bn 16 [...] deadweight loss (DWL) amounts to €bn 62 per year, corresponding to 0.59% of GDP or € 183 per capita. For Germany the welfare loss (CV) with respect to M3 amounts to €bn 59 which equals 3.6%

Financial Crisis In order to gain additional insights into the model’s ability to explain monetary developments, the observations for the period 2008 Q4 to 2010 Q4 are used to produce out-of-sample forecasts [...] seems to interact with wealth and indebtedness. In order to be able to more fully analyse the interaction between money holdings, con- sumption and wealth, the financing of households needs to be modelled [...] (3) 409–438 a We are grateful to Mika Tujula for providing euro area household wealth data, to Gabe de Bondt for sharing his equity market related measures and to Wolfgang Lemke for providing his

database due to missing observations. 8 The list of IMF lending arrangements, which are similar to a line of credit and require a country to observe specific terms in order to be eligible to receive a [...] relatively up-to-date, i.e. from 1992 to 2009, and the model is able to distinguish between intensive and extensive margins of labour utilisation, the answers provided by the paper to the above policy [...] innovations to tk3i , and to the cyclical part; and finally the matrix C adds the two components to the vector of the observable variables yt. The part of this matrix, which corresponds to the long-run

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

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

holdings is ambiguous as having less access to cash might lead consumers to hold more cash to realize their transaction needs. Therefore, it seems useful to include a variable that captures this aspect [...] payment of social security contributions, to avoid having to meet certain legal standards such as minimum wages, maximum hours, safety or health standards, to avoid complying with certain administrative [...] economy is a construct which, by definition, is hard to capture and to estimate. We relied on the MIMIC approach to get consistent estimates from 2002 to 2019. This estimate concentrates on household activities

are the first to use net issues of cash of all national euro area central banks to analyze the relationship between cash demand and the shadow economy within a currency union. Up to now, these net [...] estimation methods. To assess the relationship between cash and the shadow economy, it was necessary to control for other motives for holding cash and national peculiarities. To test for robustness [...] shadow economy is a construct which by definition is hard to capture and to estimate. All in all, it seems that cash is probably used to a smaller extent in the context of shadow economic activities

how it can steer actual inflation to its target rate. As monetary neutrality is assumed to prevail, the relative change of the price level has to be equal to the relative change in the nominal [...] difficult to gauge. The reasoning is that real balances reflect agents’ portfolio adjustments in response to aggregate demand and / or technology shocks to which they are exposed to.35 Ullersma [...] This leads to the second equilibrium. Due to growing risk and uncertainty, precautionary money demand increases, leading to an increasing value of outside money. This, in turn, leads to a collapse

offiziellen Stel- lungnahmen von Zentralbanken wie ,,within our mandate, the ECB is ready to do wha- tever it takes to preserve the euro. And believe me, it will be enough." (Draghi 2012,bei Ankündigung des [...] Stock Market's Reaction to Monetary Policy, in:Joumal of Banking & Finance 34,5.139-149. Molnár, Krisztina und Sergio Santoro (2014), Optimal monetary policy when agents are learn- ing, in: European [...] Beschränkungen wie im Pri- vatsektor auszugehen. ,,4 major contribution of behavioral macroeconomics is to demonstrate that, under sensi- ble behavioral assumptions, monetary policy does affect real outcomes

national central banks are, by function, subordinated to the ECB "to allow the Eurosystem to operate efficiently as a single entity with a view to achieving the objectives of the Treaty. (...) As [...] subject to oversight by the US Congress because the Constitution gives to Congress the power to coin money and set its value – a power that, in the 1913 act, Congress itself delegated to the Federal [...] “These sweeps have allowed required reserve balances to decline sharply from about $ 30 billion in 1990, to $ 15 billion in 1996 and to only about $ 5 to $ 6 billion today.“ Taylor, 2001, 33. 25 "While the

comprise high-value denominations, from Germany to these countries. As euro cash taken abroad for exchange to foreign currency is conceptually to be assigned to transaction balances and thus probably chiefly [...] denominations up to €100 is likely to take place largely via foreign travel (intra and extra euro area), whereas the €200 and €500 banknotes are likely to be shipped en masse to non-euro-area countries [...] cumulated net shipments (€104 billion) are likely to have been to Russia (€45 billion) and that these banknotes are likely to be kept there due to their store-of-value function or for activities

authorities, (i) to avoid the payment of income, value added or other payments; (ii) to avoid the payment of social security contributions; (iii) to avoid having to meet certain legal standards [...] are the first to use net issues of cash of all national euro area central banks to analyze the relationship between cash demand and the shadow economy within a currency union. Up to now, these net [...] country grouping are we able to explain the use of the small denominations in a meaningful way with the included variables and effects. Up to now, we did not try to include an influence of the financial

how it can steer actual inflation to its target rate. As monetary neutrality is assumed to prevail, the relative change of the price level has to be equal to the relative change in the nominal money [...] services. This is important because banks, compared to financial markets, have an information advantage when it comes to granting credit to a debtor due to their close monitoring and experiences they made [...] 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

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

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

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