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This paper discusses methods to quantify risk and uncertainty in macroeconomic forecasts. Both, parametric and non … macroeconometric model of the Bundesbank for Germany. Forecast intervals that integrate judgement on risk and uncertainty are obtained. …
Persistent link: https://www.econbiz.de/10010295862
Apart from the loss of time and money, disputes between public authority and private partner in China's public-private partnership (PPP) projects are destroying the government's image of PPP support and the private partner's investment confidence. This article aims to explore the main causes for...
Persistent link: https://www.econbiz.de/10015401312
are project risks. Risk analysis was carried out using the 5Why, SWIFT and Harrington coefficients. Based on the results … risk sources is 2%, 15% for the customer, 43% for the project manager, 36% for the project team, 2% for the subcontractor …
Persistent link: https://www.econbiz.de/10014332808
data up against current project management, uncertainty, risk and stakeholder literature. Our model shows that the …The uncertainty management theory has become well established over the last 20-30 years. However, the authors suggest …, conducted in six (private and public) companies over a four-year period, project managers stated that uncertainty management is …
Persistent link: https://www.econbiz.de/10012611909
We analyse how money as a store of value affects the decisions of a representative household under diversifiable and …, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …
Persistent link: https://www.econbiz.de/10010273728
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently … evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk … communication is a relatively new field based on a sociological approach. The discipline comes from risk perception studies …
Persistent link: https://www.econbiz.de/10011608544
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently … evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk … communication is a relatively new field based on a sociological approach. The discipline comes from risk perception studies …
Persistent link: https://www.econbiz.de/10011608545
Based on a panel of German professional forecasts for 1970 to 2003 we find that growth and inflation forecasts are unbiased and weakly, but not strongly efficient. Besides the effect of diverging forecasting dates, no other substantial differences in forecasting quality are found among...
Persistent link: https://www.econbiz.de/10010260675
is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment … and investment decisions in the uncertain environment of CO2 emissions trading. …
Persistent link: https://www.econbiz.de/10010271411
Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …
Persistent link: https://www.econbiz.de/10010269911