Recommended readings (Machine generated): Bruno S. Frey and Werner W. Pommerehne (1984), 'The Hidden Economy: State and Prospects for Measurement', Review of Income and Wealth, 30 (1), March, 1-23 -- Ann D. Witte (1987), 'The Nature and Extent of Unrecorded Activity: A Survey Concentrating on...

In der klimapolitischen Debatte stehen meist einzelne Instrumente und Maßnahmen im Vordergrund, wohingegen die Frage der ökonomischen Rationalität der Klimapolitik als solcher häufig vernachlässigt wird. Eine Klimapolitik wäre dann ökonomisch rational, wenn politisch vorgegebene...

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...