infonet-economy

Professor Beat Schmid has pioneered ideas which are of crucial importance for this article: When information technology was still seen by most academics and business men as a technical revolution which allows rapid and large scale transmission of information, he already formulated very convincingly the fundamental change this new technology would have on business models and market…

Manuscript#### not available in German Rising wage inequality in the U.S. and Britain and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the unskilled in the industrialised world, combined with flexible wages in the…

1.) "Suiza busca atraer más inversiones mexicanas"; Textinterview von Marcela Águila Rubín mit Thomas A. Zimmermann / Entrevistas de texto de Marcela Águila Rubín con Thomas A. Zimmermann: Download pdf-Datei / Descargar el archivo PDF: (93 KB / KO); Quelle: http://www.swissinfo.org/ses/…

Managers and organizations are learning that dealing with ecological issues seriously is part of their responsibility. In this article, the inherent rationality of an ecologically oriented approach to management is highlighted. For this purpose, a conceptual framework for a comprehensive fitness of organizations is presented. Based on this framework and on case studies in small…

The management of non-maturing account positions in a bank's balance like savings and sight deposits as well as certain types of variable-rate mortgages is complicated by the embedded options that its clients may exercise. In addition to the usual interest rate risk, uncertainty in the timing and amount of cash flows must be taken into account when investment or refinancing…

Multistage stochastic programs with continuous underlying distributions involve the obstacle of high-dimensional integrals where the integrands' values again are given by solutions of stochastic programs. A common solution technique consists of discretizing the support of the original distributions leading to scenario trees and corresponding LPs which are ? up to a certain size…

Little is known on the existence of negative relative demand shocks against low-skilled workers on a ‘US-style' deregulated labour market with a ‘German-style' vocational (apprenticeship) education system. Switzerland provides an appealing testing ground to investigate this question. Traditionally a ‘zero unemployment' economy, Switzerland has seen an unprecedented…

Die im Mai 2003 abgelaufene Frist für den Abschluss der Verhandlungen über Verbesserungen und Klarstellungen zum WTO-Übereinkommen über dei Streitschlichtung (Dispute Settlement Understanding; DSU) unter dem Doha-Mandat wurde verfehlt. Die WTO-Mitglieder einigten sich jedoch im Juli 2003 auf eine Verlängerung des Verhandlungsmandates bis Ende Mai 2004. Der vorliegende Beitrag fasst…

This paper analyzes how bond option prices are affected by different types of monetary policy. Analytical results from a general equilibrium model with sticky wages show that employment or output targeting typically give lower bond option prices than inflation targeting.