Klaas Enno Stephan, A R McIntosh, C C Hilgetag, In Memoriam: Rolf Kötter (1961–2010), PLoS Computational Biology, Vol. 6 (10), 2010. (Journal Article)
|
|
Felix Kübler, Fünf Fragen zu Obligationen, In: Neue Zürcher Zeitung, p. 1, 26 October 2010. (Newspaper Article)
|
|
Henrik Hasseltoft, The Fed-model and the changing correlation of stock and bond returns: An equilibrium approach, In: Inquire Europe, 2010-10-24. (Conference or Workshop Paper published in Proceedings)
This paper presents an equilibrium model that provides a rational explanation for two features of data that have been considered puzzling: The positive relation between US dividend yields and nominal interest rates, often called the Fed-model, and the time-varying correlation of US stock and bond returns. Key ingredients are time-varying first and second moments of consumption growth, inflation, and dividend growth in conjunction with Epstein-Zin and Weil recursive preferences. Historically in the US, inflation has signalled low future consumption growth. The representative agent therefore dislikes positive inflation shocks and demands a positive risk premium for holding assets that are poor inflation hedges, such as equity and nominal bonds. As a result, risk premiums on equity and nominal bonds comove positively through their exposure to macroeconomic volatility. This generates a positive correlation between dividend yields and nominal yields and between stock and bond returns. High levels of macro volatility in the late 1970s and early 1980s caused stock and bond returns to comove strongly. The subsequent moderation in aggregate economic risk has brought correlations lower. The model is able to produce correlations that can switch sign by including the covariances between consumption growth, inflation, and dividend growth as state variables. |
|
Fabio Victora Hecht, Economic Traffic Management (ETM) Mechanisms ? Selected View, In: Future Internet Cluster Meeting. 2010. (Conference Presentation)
|
|
Bruno Frey, Für eine Schweizer EU, In: Weltwoche, 42, p. 44 - 45, 20 October 2010. (Newspaper Article)
|
|
Marc Chesney, Enseignement de la finance: la crise a-t-elle eu lieu?, In: Le Temps, p. online, 18 October 2010. (Newspaper Article)
La convulsion du système bancaire et financier a révélé des comportements inquiétants, comme l’affaire Kerviel. Or, le monde académique n’en a pas véritablement tenu compte. Pourtant, le problème du cynisme et la question de la responsabilité face à ses actes devraient être traités |
|
Dana Damian, Harold Martinez, Konstantinos Dermitzakis, A Hernandez Arieta, Rolf Pfeifer, Artificial ridged skin for slippage speed detection in prosthetic hand applications, In: IEEE/RSJ International Conference on Intelligent Robots and Systems (IROS) 2010, Institute of Electrical and Electronics Engineers, Taipei, 2010-10-18. (Conference or Workshop Paper)
The human hand is one of the most complex structures in the body, being involved in dexterous manipulation and fine sensing. Traditional engineering approaches have mostly attempted to match such complexity in robotics without sufficiently stressing on the underlying mechanisms that its morphology encodes. In this work, we propose an artificial skin able to encode, through its morphology, the tactile sense of a robotic hand, characteristic to slippage events. The underlying layout consists of ridges and allows slippage detection and the quantification of slippage speed. Such encoding of slippage signal becomes suitable for relaying tactile feedback to users in prosthetic applications. This approach emphasizes the importance of exploiting morphology and mechanics in structures for the design of prosthetic interfaces. |
|
Bruno Frey, Die lebensverlängernde Wirkung des Glücks, Ökonomenstimme, 2010. (Journal Article)
|
|
E M Aulich, Wut ist ein schlechter Ratgeber, In: Neue Zürcher Zeitung, 241, p. 75, 16 October 2010. (Newspaper Article)
|
|
Reto Eberle, et al, Capacity building framework on high-quality corporate reporting, In: Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, twenty-seventh session, 2010-10-13. (Conference or Workshop Paper published in Proceedings)
High-quality corporate reporting is essential for a well-functioning market economy. In the wake of the financial crisis, policymakers at the highest level have been calling for improvements in this area. Member States need to develop a coherent approach to developing the capacity needed for achieving this objective. This paper presents key issues that need to be considered in building national capacity in this area. It discusses key elements of a capacity building framework. These are: legal and regulatory framework; institutional framework; human capacity; and the capacitybuilding process. It provides a variety of international, regional and national references and good practice examples. It is being presented for consideration by the twenty-seventh session of UNCTAD’s Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR). The deliberations of the twenty-seventh session of ISAR are envisaged to culminate with guidance on this issue. |
|
Marc Chesney, Christine Hirszowicz, Brigitte Maranghino-Singer, Wie sich Lebensversicherungsverträge in Wetten auf den Tod wandeln, In: Der Schweizer Treuhänder, p. 669 - 670, 10 October 2010. (Newspaper Article)
|
|
Pamela Bethke-Langenegger, Die Söldner des 21. Jahrhunderts, In: Neue Zürcher Zeitung, 41, p. 119, 9 October 2010. (Newspaper Article)
|
|
H Egger, P Egger, Josef Falkinger, Volke Grossmann, The impact of capital market integration on educational choice and the consequences for economic growth, World Economy, Vol. 33 (10), 2010. (Journal Article)
This paper examines the impact of capital market integration on higher education and the link to economic growth. The analysis takes into account that participation in higher education is non-compulsory and depends on individual choice. Due to capital–skill complementarity, integration increases (reduces) the incentives to participate in higher education in capital-importing (-exporting) economies, all other things equal. From a national policy point of view, public education expenditure should increase after integration of similar economies in order to attract mobile capital. Using foreign direct investment as a measure of capital flows, we present empirical evidence which largely confirms our main hypothesis: an increase in net capital inflows in response to capital market integration raises participation in higher education. In addition, we show that the adjustment in educational attainment is an empirically relevant channel through which capital inflows foster economic growth. |
|
Reto Eberle, Roger Neininger, Risiken aufdecken durch den Revisor, In: Handelszeitung, p. 45, 6 October 2010. (Newspaper Article)
|
|
Lorenz Hilty, From Environmental Informatics to Sustainability Informatics?, In: INTERGEO and 24th EnviroInfo Conference. 2010. (Conference Presentation)
|
|
Johannes Haushofer, Anat Biletzki, Nancy Kanwisher, Both sides retaliate in the Israeli-Palestinian conflict, Proceedings of the National Academy of Sciences of the United States of America (PNAS), Vol. 107 (42), 2010. (Journal Article)
Ending violent international conflicts requires understanding the causal factors that perpetuate them. In the Israeli–Palestinian conflict, Israelis and Palestinians each tend to see themselves as victims, engaging in violence only in response to attacks initiated by a fundamentally and implacably violent foe bent on their destruction. Econometric techniques allow us to empirically test the degree to which violence on each side occurs in response to aggression by the other side. Prior studies using these methods have argued that Israel reacts strongly to attacks by Palestinians, whereas Palestinian violence is random (i.e., not predicted by prior Israeli attacks). Here we replicate prior findings that Israeli killings of Palestinians increase after Palestinian killings of Israelis, but crucially show further that when nonlethal forms of violence are considered, and when a larger dataset is used, Palestinian violence also reveals a pattern of retaliation: (i) the firing of Palestinian rockets increases sharply after Israelis kill Palestinians, and (ii) the probability (although not the number) of killings of Israelis by Palestinians increases after killings of Palestinians by Israel. These findings suggest that Israeli military actions against Palestinians lead to escalation rather than incapacitation. Further, they refute the view that Palestinians are uncontingently violent, showing instead that a significant proportion of Palestinian violence occurs in response to Israeli behavior. Well-established cognitive biases may lead participants on each side of the conflict to underappreciate the degree to which the other side's violence is retaliatory, and hence to systematically underestimate their own role in perpetuating the conflict. |
|
Stephan Amstutz, Das irrationale Verhalten, In: Neue Zürcher Zeitung, 229, p. 79, 2 October 2010. (Newspaper Article)
|
|
Marcus Gerl, Entwicklung eines punktebasierten Prämiensystems für die operative Unternehmensebene, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2010. (Master's Thesis)
|
|
Chimey Nelung, Realized Volatility: Modeling Volatility under Microstructure Noise and Direct Forecasting of Realized Volatility, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2010. (Bachelor's Thesis)
|
|
Felix Attinger, Size, Value und Momentum: Finanzmarktanomalie oder angemessene Entschädigung für Risiken?, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2010. (Bachelor's Thesis)
|
|