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Social security and the interactions between aggregate and idiosyncratic risk

Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: March 20, 2014

We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...

Persistent link: https://www.econbiz.de/10010359333

Sharing demographic risk : who is afraid of the baby bust

Ludwig, Alexander - 2008

Persistent link: https://www.econbiz.de/10013442692

Social security in an analytically tractable overlapping generations model with aggregate and idiosyncratic risk

Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: September 22, 2014

Persistent link: https://www.econbiz.de/10011280253

Demographic change, relative factor prices, international capital flows, and their differential effects on the welfare of generations

Börsch-Supan, Axel - 2007

Persistent link: https://www.econbiz.de/10013443366

Die geldpolitische Strategie der Europäischen Zentralbank : was geändert werden sollte und was nicht

Feld, Lars P. (contributor); Fuest, Clemens (contributor); … - Stiftung Marktwirtschaft / Kronberger Kreis - 2021

Die Europäische Zentralbank (EZB) führt derzeit eine Überprüfung ihrer geldpolitischen Strategie durch. Die letzte formelle Überprüfung fand im Jahr 2003 statt. Nun geht es darum, inwieweit diese Strategie in den vergangenen Jahren dazu beigetragen hat, das im EU-Vertrag festgelegte Mandat...

Persistent link: https://www.econbiz.de/10012483382

Dismantling the boundaries of the ECB's monetary policy mandate : the CJEU's OMT judgement and its consequences

Feld, Lars P. (contributor); Fuest, Clemens (contributor); … - Stiftung Marktwirtschaft / Kronberger Kreis - 2016

The German Federal Constitutional Court (Bundesverfassungsgericht) submitted an order for referral to the European Court of Justice (CJEU) in 2014, asking it to clarify the compatibility of the "Outright Monetary Transactions" (OMT)-Programme with European Union law. The OMT-Programme prepares...