Dissertationsschrift zur Erlangung eines doctor medicinae (Dr.med.) der Medizinischen Fakultät Carl Gustav Carus der Technischen Universität Dresden
Dissertationsschrift zur Erlangung eines doctor medicinae (Dr.med.) der Medizinischen Fakultät Carl Gustav Carus der Technischen Universität Dresden
for efficiently processing equi and (2009)
Martin Schneider, Bernhard Seeger
Plug&Join: An easy-to-use generic algorithm
Health and ill health of asylum seekers in Switzerland: an epidemiological study (2009)
Bischoff, Alexander, Schneider, Martin, Denhaerynck, Kris, Battegay, Edouard
Background: Although the focus of health care for people seeking asylum in Western European countries is usually on communicable diseases, there is little data about the general health care need of...
Zartner, Peter A., Wiebe, Walter, Volkmer, Marius, Thomas, Daniel, Schneider, Martin
Cardiac resynchronization therapy revealed first promising results in patients with a congenital heart disease and a systemic right ventricle. Contrast-enhanced magnetic resonance imaging showed...
High Resolution Channel Estimation Using The Expectation Maximization Algorithms (2008)
Qaise, Omar, Sand, Stephan, Schneider, Martin
One of the most important tasks of satellite navigation systems consists of propagation delay estimation and timing tracking. Related problems appear when considering wideband code division multiple...
Schneider, Martin, Fischer, Christian, Diez-Juan, Antonio, ...
The importance of the lymphangiogenic factor VEGF-D and its receptor VEGFR-3 in early lymphatic development remains largely unresolved. We therefore investigated their role in Xenopus laevis...
Amdb A Design, Tool Access, Methods Marcel Kornacker, Mehul Shah, Joseph M. Hellerstein, Michael Cammert, ...
is published quarterly and is distributed to all TC members. Its scope includes the design, implementation, modelling, theory and application of database systems and their technology. Letters,...
Towards a Human-like Vision System for Resource-Constrained Intelligent Cars (2008)
Thomas Michalke, Martin Schneider, Jannik Fritsch, Christian Goerick
Abstract. Research on computer vision systems for driver assistance resulted in a variety of approaches mainly performing reactive tasks like, e.g., lane keeping. However, for a full understanding of...
Towards a Human-like Vision System for Resource-Constrained Intelligent Cars (2008)
Thomas Michalke, Martin Schneider, Jannik Fritsch, Christian Goerick
Abstract. Research on computer vision systems for driver assistance resulted in a variety of approaches mainly performing reactive tasks like, e.g., lane keeping. However, for a full understanding of...
Ignacak, Monika L, Barankiewicz, Teresa J, Harbaugh, Svetlana V, Maxwell, Patrick H, ...
Human renal clear cell carcinoma (RCC) is frequently associated with loss of the von Hippel-Lindau (VHL) tumor suppressor (pVHL), which inhibits ubiquitylation and degradation of the alpha subunits...
Jasminko Novak, Monika Fleischmann, Wolfgang Strauss, Martin Schneider, Katharina Morik
This paper presents an approach to exploring how implicit knowledge structures in different communities of experts can be discovered, visualised and employed for semantic navigation of information...
SEMI-AUTOMATIC LANDFORM MAPPING AT STEEP SLOPES (2008)
Martin Schneider, Reinhard Klein
The traditional mapping on digital aerial photos and elevation models has its limits at steep slopes where the surface is only very sparsely sampled even in high resolution data sets. As a...
for efficiently processing equi and (2007)
Martin Schneider, Bernhard Seeger
Plug&Join: An easy-to-use generic algorithm
Jasminko Novak, Monika Fleischmann, Wolfgang Strauss, Martin Schneider, Katharina Morik
This paper presents an approach to exploring how implicit knowledge structures in different communities of experts can be discovered, visualised and employed for semantic navigation of information...
Media Communication MARS Exploratory Media (2007)
Jasminko Novak, Monika Fleischmann, Wolfgang Strauss, Martin Schneider, Michael Wurst, Katharina Morik, ...
j asminko.novak @ imk.fhg.de
Thomas Eiter, Daniel Veit, Jorg P. Muller, Martin Schneider
Abstract A fundamental task in multi-agent systems is matchmaking, which is to retrieve and classify service descriptions of agents that (best) match a given service request. Several approaches to...
2 Optimal Taxation without State-Contingent Debt (2007)
Albert Marcet, Thomas J. Sargent, Kenneth Judd, Martin Schneider, Nancy Stokey
To recover a version of Barro's (1979) `random walk ' tax smoothing outcome, we modify Lucas and Stokey's (1983) economy to permit only risk-free debt. This imparts near unit root like...
Fabiano Schivardi Y, Martin Schneider
This paper studies oligopoly markets during episodes of disruptive technological change. By this we mean that, rst, a new product design is brought to market by a new competitor, second, it is not...
Delays Or Why, Walter Senn, Martin Schneider, Berthold Ruf
This article is organized as follows. In section 2, we formalize the model and state the assumptions on the synaptic modifications and the delay fluctuations. In section 3, we introduce spike...
UNIVERSITY OF ROCHESTER LEARNING UNDER AMBIGUITY ∗ (2007)
Larry Epstein, Larry G. Epstein, Martin Schneider, Martin Schneider, Mark Grinblatt
This paper considers learning when the distinction between risk and ambiguity (Knightian uncertainty) matters. Working within the framework of recursive multiple-priors utility, the paper formulates...
Towards a Human-like Vision System for Resource-Constrained Intelligent Cars (2007)
Michalke, Thomas, Gepperth, Alexander, Schneider, Martin, Fritsch, Jannik, Goerick, Christian
Research on computer vision systems for driver assistance resulted in a variety of approaches mainly performing reactive tasks like, e.g., lane keeping. However, for a full understanding of generic...
Basiskomponenten von XML-Datenbanksystemen [Elektronische Ressource] / (2005)
Marburg, Universiẗat, Diss., 2004.
Oesterreichische Nationalbank, Forecasts For Austria, Peter Mooslechner, Ernest Gnan, Gerhard Fenz, Martin Schneider, ...
No. 5 The issues of the “Workshops – Proceedings of OeNB Workshops ” comprise papers presented at the OeNB workshops at which national and international experts – including economists,...
No-Arbitrage Taylor Rules (2005)
Andrew Ang Columbia, Andrew Ang, Sen Dong, Monika Piazzesi, Sebastien Blais, ...
We estimate Taylor (1993) rules and identify monetary policy shocks using no-arbitrage pricing techniques. Long-term interest rates are risk-adjusted expected values of future short rates and thus...
AMBIGUITY, INFORMATION QUALITY AND ASSET PRICING ∗ (2005)
Larry G, Martin Schneider, Larry G. Epstein, Martin Schneider
When ambiguity averse investors process news of uncertain quality, they act as if they take a worst-case assessment of quality. As a result, they react more strongly to bad news than to good news....
Erfolgsmessung in Gerichten (2004)
In der Debatte um Reform und Modernisierung der Justiz geht es heute nicht mehr um das Ob, sondern nur um das Wie". Alle Bundesländer haben damit begonnen, betriebswirtschaftliche Instrumente, die...
Erfolgsmessung in Gerichten (2004)
In der Debatte um Reform und Modernisierung der Justiz geht es heute nicht mehr um das Ob, sondern nur um das Wie". Alle Bundesländer haben damit begonnen, betriebswirtschaftliche Instrumente, die...
Erfolgsmessung in Gerichten (2004)
In der Debatte um Reform und Modernisierung der Justiz geht es heute nicht mehr um das Ob, sondern nur um das Wie". Alle Bundesländer haben damit begonnen, betriebswirtschaftliche Instrumente, die...
Erfolgsmessung in Gerichten (2004)
In der Debatte um Reform und Modernisierung der Justiz geht es heute nicht mehr um das Ob, sondern nur um das Wie". Alle Bundesländer haben damit begonnen, betriebswirtschaftliche Instrumente, die...
Basiskomponenten von XML Datenbanksystemen (2004)
Für die Entwicklung von vielen kleinen und großen Softwaresystemen reichen herkömmliche (objekt-)relationale Datenbanksysteme nicht mehr aus. Viele interessante Daten sind in der Praxis nicht voll...
Basiskomponenten von XML-Datenbanksystemen / (2004)
Marburg, Universiẗat, Diss., 2004 (Nicht für den Austausch).
The Working Papers are also available on our website: (2004)
Oesterreichische Nationalbank, Martin Schneider, Martin Spitzer, Eduard Hochreiter, Ernest Gnan, Guenther Thonabauer, ...
generalized dynamic factor model
Ambiguity, information quality and asset pricing (2004)
Larry G. Epstein, Martin Schneider
When ambiguity-averse investors process news of uncertain quality, they act as if they take a worst-case assessment of quality. As a result, they react more strongly to bad news than to good news....
Ambiguity, information quality and asset pricing (2004)
Larry G. Epstein, Larry G. Epstein, Martin Schneider, Martin Schneider
When ambiguity averse investors process news of uncertain quality, they act as if they take a worst-case assessment of quality. As a result, they react more strongly to bad news than to good news....
Professional judges receive a fixed salary and are largely exempt from effective sanctions. How can management induce judges to perform well in their professional roles? Judges share work-related...
Real-Time BTF Rendering (2004)
The Bidirectional Texture Function (BTF) is a suitable representation for the appearance of highly detailed surface structures under varying illumination and viewing conditions. Since real-time...
Zugl.: Giessen, Universiẗat, Diss., 2003.
The aim of the present work about experimental and mathematical modelling of moving-bed-gasification was to increase the transparency of the process. At Dresden University of Technology a gasifier...
A Status Report on XXL - a Software Infrastructure for Efficient Query Processing (2003)
Michael Cammert, Christoph Heinz, Jürgen Krämer, Martin Schneider, Bernhard Seeger
XXL is a Java library that contains a rich infrastructure for implementing advanced query processing functionality. The library offers low-level components like access to raw disks as well as...
The aim of the present work about experimental and mathematical modelling of moving-bed-gasification was to increase the transparency of the process. At Dresden University of Technology a gasifier...
Dresden, Techn. Universiẗat, Diss., 2003.
University of Chicago, and the NBER. We are grateful for helpful discussions (2003)
Francis A. Longstaff, Monika Piazzesi, Lee Ohanian, Pedro Santa-clara, Tano Santos, Martin Schneider
Veronesi. We are particularly grateful for the many helpful comments and suggestions of the editor William Schwert and of an anonymous referee. All errors are our Corporate cash flows are highly...
M.: Integrating Different Machine Learning Methods to Support Search (2002)
Michael Wurst, Jasminko Novak, Martin Schneider
Abstract. In this paper we will present some of the ongoing research in the project "AWAKE- Networked Awareness for Knowledge Discovery". The aim of this project is the development...
Learning under Ambiguity (2002)
Larry G. Epstein, Martin Schneider
This paper considers learning when the distinction between risk and ambiguity matters. It first describes thought experiments, dynamic variants of those provided by Ellsberg, that highlight a sense...
Jasminko Novak, Monika Fleischmann, Wolfgang Strauss, Martin Schneider, Strauss Martin Schneider
This paper presents an approach to exploring how implicit knowledge structures in different communities of experts can be discovered, visualised and employed for semantic navigation of information...
M.: Integrating Different Machine Learning Methods to Support Search (2002)
Michael Wurst, Jasminko Novak, Martin Schneider
Abstract. In this paper we will present some of the ongoing research in the project “AWAKE- Networked Awareness for Knowledge Discovery”. The aim of this project is the development of models for...
Learning under Ambiguity (2002)
Larry G. Epstein, Martin Schneider, Mark Grinblatt
This paper considers learning when the distinction between risk and ambiguity (Knightian uncertainty) matters. Working within the framework of recursive multiple-priors utility, the paper formulates...
Learning under Ambiguity (2002)
Larry G. Epstein, Martin Schneider, Martin Schneider
This paper considers learning when the distinction between risk and ambiguity matters. It first describes thought experiments, dynamic variants of those provided by Ellsberg, that highlight a sense...
Learning under Ambiguity (2002)
Larry G. Epstein, Martin Schneider
This paper considers learning when the distinction between risk and ambiguity matters. It first describes thought experiments, dynamic variants of those provided by Ellsberg, that highlight a sense...
Köln, Univ., Diss., 2001.
Matchmaking for Structured Objects (2001)
Thomas Eiter Daniel, Daniel Veit, Jörgp. Müller, Martin Schneider
A fundamental task in multi-agent systems is matchmaking, which is to retrieve and classify service descriptions of agents that (best) match a given service request. Several approaches to matchmaking...
Schneider: Matchmaking for Structured Objects (2001)
Thomas Eiter, Daniel Veit, Jörg P. Müller, Martin Schneider
Abstract A fundamental task in multi-agent systems is matchmaking, which is to retrieve and classify service descriptions of agents that (best) match a given service request. Several approaches to...
Martin Schneider, Christoph Stamm, Jurgen Symanzik, Peter Widmayer
Abstract We present the implementation of a bidirectional link between RA 3 DIO and XGobi, based on the middleware standard DCE. RA 3 DIO is a virtual reality framework for the design and management...
Optimal Taxation without State-Contingent Debt (2000)
Albert Marcet, Thomas J. Sargent, Juha Seppälä, Kenneth Judd, Martin Schneider, ...
To recover a version of Barro's (1979) `random walk' tax smoothing outcome, we modify Lucas and Stokey's (1983) economy to permit only risk-free debt. This imparts near unit root like...
Martin Schneider, Jürgen Symanzik
We present the implementation of a bidirectional link between RA 3 DIO and XGobi, based on the middleware standard DCE. RA 3 DIO is a virtual reality framework for the design and management of mobile...
Martin Schneider, Jürgen Symanzik
Abstract We present the implementation of a bidirectional link between RA DIO and XGobi, based on the middleware standard DCE. RA DIO is a virtual reality framework for the design and management of...
Thesis (doctoral)--Universität Karlsruhe, 1999.
Karlsruhe, Universiẗat, Diss., 1999.
Essays on banking, asset pricing, and learning / (1999)
Submitted to the Department of Economics.
Mechatronic Models for Simulation and Model Based Control of the Walking Machine ALDURO (1999)
Jörg Müller, Martin Schneider, Manfred Hiller
The system under investigation is the hydraulically driven autonomous large scale combined legged and wheeled vehicle ALDURO. In this paper two complete mechatronic simulation models, realized in the...
Zugl.: Trier, Universiẗat, Diss., 1998.
Modelling and simulation of the large-scale hydraulically driven Alduro (1998)
Jorg Muller, Martin Schneider, Manfred Hiller, Fachgebiet Mechatronik
A large-scale combined legged and wheeled vehicle with anthropomorphic legs is presented. This concept combines the advantages of a walking machine with the stability of a wheeled vehicle. The leg...
Dispersions- und Dämpfungseigenschaften der Eigenmoden periodisch gewellter Hohlleiter / (1997)
Hannover, Universiẗat, Diss., 1997.
Biomimetische Totalsynthese des Pilzmetaboliten (-)-Galiellalacton / (1996)
München, Univ., Diss., 1996.
(S)-4-Oxoazetidin-2-carbonshaure (Lac-OH) als Baustein für Peptidmimetika / (1996)
Thesis (doctoral)--Albert-Ludwigs-Universität Freiburg im Breisgau, 1996.
Thesis (doctoral)--Freie Universität Berlin, 1994.
Heidelberg, Univ., Diss., 1993.
Development of Regional Water and Sewer Infrastructure for the State of Florida (1991)
Diamond, Craig, Kastancuk, Larry, Moore, Christine, Reagan, Ann, Davis, Darrell, Schneider, Martin, ...
The FAU-FIU Joint Center conducted a study of the relationship between wastewater facilities and land uses in seven rapidly growing Florida counties. The primary purpose of the research was to assess...
Thesis (doctoral)--Hochschule St. Gallen für Wirtschafts-, Rechts- und Sozialwissenschaften, 1989.
Thust, Rudolf, Schneider, Martin
Trisubstituted nitrosoureas are very stable in aqueous systems. But they are potent genotoxins in Chinese hamster V79-E cells, if no exogenous metabolizing system is added, and the mechanism of their...
Bonn, Univ., Diss., 1988 (Nicht f.d. Austausch).
Thesis (doctoral)--Technische Universität Berlin, 1985.
Berlin, Techn. Univ., Diss., 1985.
Essen, Univ., Diss., 1984.
Mammatumorhemmende Antiöstrogene vom Typ des 3,3'-Dihydroxy-alpha, beta-dialkylstilbens (1980)
Schneider, Martin, Angerer, Erwin Von, Kranzfelder, Gerhard, Schönenberger, Helmut
Mammary-tumor-inhibiting antiestrogens of the 3,3'-dihydroxy-alpha, beta-dialkylstilbene type (author's transl).
Poems, stories, songs / (1979)
Thesis (M.A.)--Eastern Washington University, 1979.
Heidelberg, Univ., Theol. Fak., Diss., 1977. (Nicht f. d. Austausch.).
Estimation of Neural Network Parameters for Wheat Yield Prediction (1970)
Georg Ruß, Rudolf Kruse, Martin Schneider, Peter Wagner
Precision agriculture (PA) and information technology (IT) are closely interwoven. The former usually refers to the application of nowadays’ technology to agriculture. Due to the use of sensors and...
Leipzig, Wirtschaftswiss. F., Diss. v. 12. Nov. 1965 (Nicht f. d. Aust.).
Eigenschaften und Anwendung dünner metallischer Schichten im Mikrowellenbereich (1959)
SA aus: Technische Mitteilungen PTT, Nr.11, S.465-495
Eigenschaften und Anwendungen dünner metallischer Schichten im Mikrowellenbereich / (1959)
Thesis (doctoral)--Eidgenössische Technische Hochschule Zürich, 1959.
Ueber Spalthand und Spalthuss / (1920)
Thesis (doctoral)--Universität Leipzig, 1920.
Gerhard Fenz, Martin Schneider
According to the December 2005 economic outlook of the Oesterreichische Nationalbank (OeNB), Austrias real gross domestic product (GDP) is projected to increase by 1.9% in 2005. Economic growth is...
Housing, Consumption, and Asset Pricing
Monika Piazzesi, Martin Schneider, Selale Tuzel
This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households' concern with...
Larry Epstein, Martin Schneider
This paper considers learning when the distinction between risk and ambiguity matters. It first describes thought experiments, dynamic variants of those provided by Ellsberg, that highlight a sense...
A Quantitative Model of Competitive Asset Pricing Under Private Information
Martin Schneider, Juan Carlos Hatchondo, Per Krusell
asset pricing, asymmetric information, heterogeneous beliefs
Gerhard Fenz, Martin Schneider
According to the fall 2004 economic outlook of the Oesterreichische Nationalbank (OeNB), Austrias real gross domestic product (GDP) is projected to increase to 1.8% in 2004. Economic growth of 2.3%...
Economic Momentum Slows in the Euro Area Energy Price Developments Have a Negative Impact
Antje Hildebrandt, Martin Schneider, Maria Antoinette Silgoner
The U.S. economy continued to expand in the first half of 2005 despite the strong impact of a further rise in oil prices. However, according to OECD estimates, Hurricane Katrina will dampen economic...
Ambiguity, Information Quality and Asset Pricing
Larry Epstein, Martin Schneider
When ambiguity averse investors process news of uncertain quality, they act as if they take a worst-case assessment of quality. As a result, they react more strongly to bad news than to good news....
Global Private Information in International Equity Markets
Albuquerque, Rui, Bauer, Gregor H, Schneider, Martin
This paper studies international equity markets when some investors have private information that is valuable for trading in many countries simultaneously. We use a dynamic model of equity trading to...
Forecasting Austrian GDP using the generalized dynamic factor model
Martin Schneider, Martin Spitzer
In this paper, a generalized dynamic factor model is utilized to produce short-term forecasts of real Austrian GDP. The model follows the frequency domain approach proposed by Forni, Hallin, Lippi...
Is Germany’s Influence on Austria Waning? Synchronization and Transmission of Cyclical Shocks
Gerhard Fenz, Martin Schneider
This study analyzes the connection between business cycle fluctuations in Germany and Austria as well as the transmission of German shocks to Austria. Compared to Austria’s links with other...
International Equity Flows and Returns: A Quantitative Equilibrium Approach
Albuquerque, Rui, Bauer, Gregory, Schneider, Martin
This paper reconsiders the role of foreign investors in developed country equity markets. It presents a quantitative model of trading that is built around two new assumptions about investor...
Real Effects of Inflation Through the Redistribution of Nominal Wealth
Doepke, Matthias, Schneider, Martin
This paper provides a quantitative assessment of the effects of inflation through changes in the value of nominal assets. We document nominal positions in the US across sectors as well as different...
Austria’s Economy Will Continue to Grow Dynamically in 2007
Gerhard Fenz, Martin Schneider
According to the economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real gross domestic product (GDP) is expected to grow by 3.3% in 2006 and by 2.8% and 2.4% in 2007 and 2008,...
Inflation Illusion, Credit, and Asset Pricing
Monika Piazzesi, Martin Schneider
This paper considers asset pricing in a general equilibrium model in which some, but not all, agents suffer from inflation illusion. Illusionary investors mistake changes in nominal interest rates...
Asset Prices and Asset Quantities
Monika Piazzesi, Martin Schneider
We propose an organizing framework that determines asset prices by equating household sector asset demand derived from an economic model to the observed supply of assets provided by other sectors. We...
Inflation and the Redistribution of Nominal Wealth
Matthias Doepke, Martin Schneider
This study quantitatively assesses the effects of inflation through changes in the value of nominal assets. It documents nominal asset positions in the United States across sectors and groups of...
Gerhard Fenz, Christian Ragacs, Martin Schneider
According to the economic outlook of the Oesterreichische Nationalbank (OeNB), Austria’s real GDP will grow by 3.2% in 2007, by 2.7% in 2008 and by 2.3% in 2009. The OeNB’s growth forecasts for...
Output Growth in Austria and Germany: What Explains the Growth Differentials since the Early 1990s?
Christian Ragacs, Martin Schneider
This paper attempts to explain the positive growth differential Austria has had over Germany since the early 1990s. While German output growth was dampened in the aftermath of unification, the...
Johannes Bröcker, Martin Schneider
The paper quantifies regional welfare effects arising from the increasing trade flows between Austria and its Eastern neighbors after the opening up of Eastern Europe. We calibrate a static...
civil law courts, labour courts, data envelopment analysis, internal labour markets, tournament theory, career concerns,
Aggregate Implications of Wealth Redistribution: The Case of Inflation
Doepke, Matthias, Schneider, Martin
This paper shows that a zero-sum redistribution of wealth within a country can have persistent aggregate effects. Motivated by the case of an unanticipated inflation episode, we consider...
International Equity Flows and Returns: A Quantitative Equilibrium Approach
Rui Albuquerque, Gregory H. Bauer, Martin Schneider
The authors model trading by foreign and domestic investors in developed-country equity markets. The key assumptions are that (i) both the foreign and domestic investor populations contain investors...
Strategic Experimentation and Disruptive Technological Change
Fabiano Schivardi, Martin Schneider
This paper studies the diffusion of a new technology that is brought to market while its potential is still uncertain. We consider a dynamic game in which an incumbent and a startup firm improve both...
Ambiguity, Information Quality, and Asset Pricing
LARRY G. EPSTEIN, MARTIN SCHNEIDER
When ambiguity-averse investors process news of uncertain quality, they act as if they take a worst-case assessment of quality. As a result, they react more strongly to bad news than to good news....
Bond positions, expectations, and the yield curve
Monika Piazzesi, Martin Schneider
This paper implements a structural model of the yield curve with data on nominal positions and survey forecasts. Bond prices are characterized in terms of investors' current portfolio holdings as...
International equity flows and returns: A quantitative equilibrium approach
Rui Albuquerque, Gregory H. Bauer, Martin Schneider
This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and...
LARRY G. EPSTEIN, MARTIN SCHNEIDER
This paper considers learning when the distinction between risk and ambiguity matters. It first describes thought experiments, dynamic variants of those provided by Ellsberg, that highlight a sense...
Balance Sheet Effects, Bailout Guarantees and Financial Crises
MARTIN SCHNEIDER, AARON TORNELL
This paper provides a model of boom-bust episodes in middle-income countries. It is based on sectoral differences in corporate finance: the nontradables sector is special in that it faces a contract...
International Equity Flows and Returns: A Quantitative Equilibrium Approach
RUI ALBUQUERQUE, GREGORY H. BAUER, MARTIN SCHNEIDER
This paper considers the role of foreign investors in developed country equity markets. It presents a quantitative model of trading that is built around two new assumptions about investor...
Strategic Experimentation and Disruptive Technological Change
Schivardi, Fabiano, Schneider, Martin
This paper studies the diffusion of a new technology that is brought to market while its potential is still uncertain. We consider a dynamic game in which firms improve both a new and a rival old...
Inflation as a Redistribution Shock: Effects on Aggregates and Welfare
Doepke, Matthias, Schneider, Martin
Episodes of unanticipated inflation reduce the real value of nominal claims and thus redistribute wealth from lenders to borrowers. In this study, we consider redistribution as a channel for...
Characterizing Asymmetric Information in International Equity Markets
Rui Albuquerque, Gregory Bauer, Martin Schneider
This paper studies the international portfolio flows of US investors to examine the information structure of international equity markets. We use an empirical model of portfolio flows with both...
International Equity Flows and Returns: A Quantitative Equilibrium Approach
Rui Albuquerque, Gregory Bauer, Martin Schneider
This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and...
International equity flows and returns: a quantitative equilibrium approach
Rui Albuquerque, Gregory H. Bauer, Martin Schneider
This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and...
Ambiguity, Information Quality and Asset Pricing
Larry Epstein, Martin Schneider
When ambiguity averse investors process news of uncertain quality, they act as if they take a worst-case assessment of quality. As a result, they react more strongly to bad news than to good news....
Larry Epstein, Martin Schneider
This paper considers learning when the distinction between risk and ambiguity (Knightian uncertainty) matters. Working within the framework of recursive multiple-priors utility, the paper formulates...
IID: Independently and Indistinguishably Distributed
Larry Epstein, Martin Schneider
The inability of the Bayesian model to accomodate Ellsberg-type behavior is well known. This paper focuses on another limitation of the Bayesian model, specific to a dynamic setting, namely the...
Larry G. Epstein, Martin Schneider
This paper axiomatizes an intertemporal version of multiple-ptiors utility. A central axiom is dynamic consistency, which leads to a recursive structure for utility, to 'rectangular' sets of priors...
Real effects of inflation through the redistribution of nominal wealth
Matthias Doepke, Martin Schneider
This paper provides a quantitative assessment of the effects of inflation through changes in the value of nominal assets. We document nominal positions in the U.S. across sectors as well as different...
Kohler, Friedrich, Schierbaum, Clausjurgen, Konertz, Wolfgang, Schneider, Martin, Kern, Hartmut, Int, Eve, ...
Housing v. Financial Wealth: a Cross-Country Comparison
Monika Piazzesi, Martin Schneider
This paper compares wealth portfolios across countries. The household sector in the US and Canada owns much more financial wealth, and much less housing wealth, than the household sector in most of...
Expectations and Asset Prices with Heterogeneous Households
Monika Piazzesi, Martin Schneider
This paper uses a temporary equilibrium framework to evaluate the impact of expectations on asset valuation. The model determines asset prices as a function of asset supply as well as the...
Aggregate Implications of Wealth Redistribution: The Case of Inflation
Matthias Doepke, Martin Schneider
This paper shows that a zero-sum redistribution of wealth within a country can have persistent aggregate effects. Motivated by the caseof an unanticipated inflation episode, we consider...
This paper developes the first multiregional computable general equilibrium model for the Austrian economy. The model is based on an Arrow-Debreu-equilibrium. It contains the 9 Austrian Federal...
Coordination and correlation in Markov rational belief equilibria (*)
Mordecai Kurz, Martin Schneider
This paper studies the effect of correlation in the rational beliefs of agents on the volatility of asset prices. We use the technique of generating variables to study stable and non-stationary...
In der Debatte um Reform und Modernisierung der Justiz geht es heute nicht mehr um das Ob, sondern nur um das Wie". Alle Bundesländer haben damit begonnen, betriebswirtschaftliche Instrumente, die...
Stress Tests for the Austrian FSAP Update 2007: Methodology, Scenarios and Results
Michael Boss, Gerhard Fenz, Gerald Krenn, Johannes Pann, Claus Puhr, Thomas Scheiber, ...
This paper presents the methodology, scenarios and results of the stress tests conducted for the update of Austria’s Financial Sector Assessment Program (FSAP) in 2007. The focus of the paper lies...
Mikhaylova, Olga, Ignacak, Monika L., Barankiewicz, Teresa J., Harbaugh, Svetlana V., Yi, Ying, Maxwell, Patrick H., ...
Human renal clear cell carcinoma (RCC) is frequently associated with loss of the von Hippel-Lindau (VHL) tumor suppressor (pVHL), which inhibits ubiquitylation and degradation of the alpha subunits...
Transmission of business cycle shocks between the US and the euro area.
Martin Schneider, Gerhard Fenz
We analyze the transmission of structural shocks between the US and the euro area within a two-country VAR framework. For that purpose, we simultaneously identify cost-push, demand and monetary...
Abnormal Sympathoadrenal Development and Systemic Hypotension in PHD3−/− Mice▿
Bishop, Tammie, Gallagher, Denis, Pascual, Alberto, Lygate, Craig A., De Bono, Joseph P., Nicholls, Lynn G., ...
Cell culture studies have implicated the oxygen-sensitive hypoxia-inducible factor (HIF) prolyl hydroxylase PHD3 in the regulation of neuronal apoptosis. To better understand this function in vivo,...
Wolfgang Pointner, Martin Schneider, Josef Schreiner
The international environment is increasingly being dominated by a cooling global economy. In the U.S.A., the real estate and financial crisis has spilled over to the real economy. Growth in consumer...
Judicial Lawmaking in a Civil Law System: Evidence from German Labor Courts of Appeal
According to economic analysis, common-law courts resolve individual legal disputes and create new, judge-made law. In this article, I study both functions in a civil-law context by analyzing data...
Controlling the performance of employed physicians, university professors, or tenured judges is a difficult managerial problem, because these professionals perform complex tasks that are hard to...
Professional judges receive a fixed salary and are largely exempt from disciplinary sanctions. How can performance still be secured? Judges share a culture consisting of work-related norms and...
Balance SHeet Effects, Bailout Guarantees and Financial Crises
Martin Schneider, Aaron Tornell
Several recent twin' currency and banking crises were preceded by lending booms during which the banking system financed rapid growth of the nontradable (N) sector by borrowing in foreign currency....
Inflation as a Redistribution Shock: Effects on Aggregates and Welfare
Matthias Doepke, Martin Schneider
Episodes of unanticipated inflation reduce the real value of nominal claims and thus redistribute wealth from lenders to borrowers. In this study, we consider redistribution as a channel for...
Monika Piazzesi, Martin Schneider
This paper considers how the role of inflation as a leading business-cycle indicator affects the pricing of nominal bonds. We examine a representative agent asset pricing model with recursive utility...
The Impact of Oil Price Changes on Growth and Inflation
This contribution looks into the impact of oil price changes on growth and inflation. Oil price shocks affect the economy through the supply side (higher production costs, reallocation of resources),...
Economic Recovery in the Euro Area and in Austria in a Dynamic Global Economic Environment
Antje Hildebrandt, Martin Schneider, Maria Antoinette Silgoner
The world economic recovery is continuing at a slightly more subdued pace. In the U.S.A., weaker consumer spending contributed to a slowdown in growth momentum. At the end of June 2004, the Federal...
Macroeconomic Models and Forecasts for Austria
Gerhard Fenz, Martin Schneider
On November 11 and 12, 2004, the Oesterreichische Nationalbank (OeNB) held a workshop entitled Macroeconomic Models and Forecasts for Austria. The purpose of the workshop was to provide an overview...
Euro Area Economy Gains Strength - Inflation Remains High Owing to Energy Component
Wolfgang Pointner, Martin Schneider, Josef Schreiner
OThe world economy continues to expand, albeit at a slightly more subdued pace. In the U.S.A., the growth deceleration was primarily attributable to lower investment and weaker consumer spending. In...
Comparing the Predictive Accuracy of Macroeconomic Forecasts for Austria from 1998 to 2006
Christian Ragacs, Martin Schneider
This study for the first time presents an analysis of the predictive accuracy of all forecasts available for the Austrian economy. To be precise, the fall 1998 to fall 2006 forecasts of the following...
AQM-06: The Macroeconomic Model of the OeNB
Martin Schneider, Markus Leibrecht
This paper gives an overview of the current version of the quarterly macroeconomic model of the Oesterreichische Nationalbank for Austria. The model is a small to medium size macroeconomic model. It...
Transmission of business cycle shocks between unequal neighbours: Germany and Austria
Gerhard Fenz, Martin Schneider
This paper analyses the comovement of the German and Austrian economies and the transmission of German shocks to Austria. Static and dynamic correlation measures show a strong comovement and a change...
Gerhard Fenz, Martin Schneider
According to the June 2008 economic outlook of the Oesterreichische Nationalbank (OeNB), economic growth in Austria is projected to weaken compared with the economic boom years of 2006 and 2007 owing...
Organisationskapital und Humankapital als strategische Ressourcen
Die Erfolgswirkungen des Human- und Organisationskapitals werden bislang mit Daten von Unternehmen aus mehreren Branchen untersucht. Dem ueberlegen waere eine branchenfokussierte,...
Mihai Paunescu, Martin Schneider
Hall / Soskice (2001) distinguish economies by the institutional arrangements into which companies are embedded, and they predict industry-specific compara-tive advantages: Liberal market economies...
Momentum traders in the housing market: survey evidence and a search model
Monika Piazzesi, Martin Schneider
This paper studies household beliefs during the recent US housing boom. The first part presents evidence from the Michigan Survey of Consumers. To characterize the heterogeneity in households' views...
Why did we fail to predict GDP during the last cycle? A breakdown of forecast errors for Austria.
Martin Schneider, Christian Ragacs
This paper proposes an informal taxonomy to break down forecast errors of institutional forecasts. This breakdown is demonstrated for the forecasts of the Oesterreichische Nationalbank (OeNB) for...
Momentum traders in the housing market: survey evidence and a search model
Monika Piazzesi, Martin Schneider
This paper studies household beliefs during the recent US housing boom. To characterize the heterogeneity in households’ views about housing and the economy, we perform a cluster analysis on survey...
Trend and cycle in bond premia
Monika Piazzesi, Martin Schneider
Common statistical measures of bond risk premia are volatile and countercyclical. This paper uses survey data on interest rate forecasts to construct subjective bond risk premia. Subjective premia...
Inflation and the price of real assets
Monika Piazzesi, Martin Schneider
In the 1970s, U.S. asset markets witnessed (i) a 25% dip in the ratio of aggregate household wealth relative to GDP and (ii) negative comovement of house and stock prices that drove a 20% portfolio...
Global Recession Deepens - Financial Crisis Unleashes Global Economic Downturn
Andreas Breitenfellner, Martin Schneider, Josef Schreiner
The financial crisis, which has intensified since fall 2008, has led to deteriorated funding conditions, a decline in the confidence of economic players and a dramatic slump in world trade, thereby...
A Leading Indicator of Austrian Exports Based on Truck Mileage
Gerhard Fenz, Martin Schneider
The close correlation between economic activity and freight performance is emphasized in numerous international studies. With regard to Austria, timely information on truck mileage has been available...
Modeling Credit Risk through the Austrian Business Cycle: An Update of the OeNB Model
Michael Boss, Martin Fenz, Johannes Pann, Claus Puhr, Martin Schneider, Eva Ubl
In quantitative financial stability analysis, the link between the macroeconomic environment and credit risk is of particular importance when assessing the risk hidden in loan portfolios....
Global private information in international equity markets
Albuquerque, Rui, H. Bauer, Gregory, Schneider, Martin
This paper studies international equity markets when some investors have private information that is valuable for trading in many countries simultaneously. We use a dynamic model of equity trading to...
Kommentag zu Hanns Prütting: Nutzen und Schaden der ZPO-Gesetzgebung
Hanns Prüttings Nutzen und Schaden der ZPO-Gesetzgebung" fasst die Bemü-hungen zu einer ökonomischen Evaluation der vielen Maßnahmen zur Reform des Zivilprozesses im Jahr 2002 zusammen. Eine...