Hiermit legt das Frankfurter Institut eine weitere Ausgabe seiner ''Argumente zur Wirtschaftspolitik" vor. Sie fällt gleich zweifach aus dem Rahmen dieser vorwiegend der Kurzbehandlung von Einzelfragen gewidmeten Reihe: durch ihren größeren Umfang und durch die bei aller Knappheit...

A proposed explanation for why business creation is often found to increase in recessions is that there are two components to entrepreneurship - "opportunity" and "necessity" - the latter of which is mostly counter-cyclical. Although there is some agreement on the conceptual distinction between...

In 2015-2016 Germany experienced a wave of predominantly low-skilled refugee immigration. We evaluate its macroeconomic and distributional effects using a quantitative overlapping generations model calibrated using German micro data to replicate education and productivity differentials between...