Summary This contribution empirically explores the drivers of labour market reform acceptance for the individual level in Germany. For that purpose we make use of the representative German General Social Survey (ALLBUS). This survey offers data to which extent individuals support benefit cuts,...

Summary Government bond markets within the euro zone may have fallen victim to a self-fulfilling crisis of confidence. Eurobonds may contribute to stabilization in the short-run but would imply destructive disincentives and incalculable risks for joint and several guarantors. Monetary interest...

Zusammenfassung Während viele Verfassungen dem Gewissen die höchste Autorität als Verhaltensmaßstab zubilligen, behandeln nur sehr wenige ökonomische Arbeiten dieses Konzept explizit. Der Eindruck, dass die Ökonomik eine zentrale ethische Instanz missachte, verschärft den Vorwurf einer...

Summary This contribution highlights the complex causes of the European debt crisis and discusses available options for a solution. Relevant causes included are debt incentives which are effective permanently, the lacking optimality of the European currency area and deficient institutional debt...