To estimate the causal effect of conscription on the probability to obtain a university degree, we use a regression-discontinuity design associated with the introduction of conscription in Germany. There is evidence that conscription increased the likelihood of completing higher education.

Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this weak link and present the argument that monetary commitment...

Zur intensiven Diskussion des Themas in der Öffentlichkeit hier ein umfassender Überblick. Dieser beinhaltet eine umfangreiche Dokumentation der Messmethoden und der Größe der Schattenwirtschaft in 70 Ländern weltweit. Die Analyse von wirtschaftspolitischen Optionen soll zur kontroversen...