The European Monetary Institute have narrowed down the choice of candidate strategies for a single monetary policy within European Monetary Union to inflation targets or monetary aggregate targets. In practice it is unlikely to be a simple choice between these targets, since all monetary authorities that currently pursue either of these strategies also monitor a wide set of economic and financi...

Nowadays one of the most important issues in our economy, both from economic and political view is the link between monetary policy and business cycle fluctuations. Amongst the shocks related to the supply side, the shock of oil price is the important factor that has affected the world economy since the 1970s. This paper examines the effects of monetary policy and oil price shocks on the busine...

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In general, earthquake disasters in urban areas can hardly be handled by the operable disaster response teams of the affected region. An efficient and integrated disaster management could support their activities and help to limit human losses. Based on EQSIM, a damage estimation tool developed within the German Collaborative Research Centre 461: “Strong Earthquakes, a Challenge for Geosciences...

In a wireless storage system, having to communicate over a fading channel makes repair transmissions prone to physical layer errors. The first approach to combat fading is to utilize the existing optimal space-time codes. However, it was recently pointed out that such codes are in general too complex to decode when the number of helper nodes is bigger than the number of antennas at the newcomer...

The diversity-multiplexing tradeoff (DMT) for interference networks, such as the interference channel, the X channel, the Z interference channel and the Z channel, is analyzed. In particular, we investigate the impact of rate-splitting and channel knowledge at the transmitters. We also use the DMT of the Z channel and the Z interference channel to distill insights into the “loud neighbor” probl...