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Monetary policy crisis management as a threat to economic order
Freytag, Andreas; Schnabl, Gunther - 2017
The paper analyses the effects of the monetary policy crisis management of the European Central Bank on the economic order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller-Armack (1966) has been a core element of growth,...
Persistent link: https://www.econbiz.de/10011611212
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Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...
Persistent link: https://www.econbiz.de/10010528303
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The Brexit as a forerunner : monetary policy, economic order and divergence forces in the European Union
Müller, Sebastian; Schnabl, Gunther - 2018
We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher's United Kingdom have long served as cornerstones for growth, prosperity and...
Persistent link: https://www.econbiz.de/10011809903
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The ideological use and abuse of Freiburg's ordoliberalism
Dold, Malte; Krieger, Tim - 2020
In the aftermath of the Eurozone crisis, a battle of ideas emerged over whether ordoliberalism is part of the cause or the solution of economic problems in Europe. While German ordoliberals argued that their policy proposals were largely ignored before, during and after the crisis, critics saw...
Persistent link: https://www.econbiz.de/10012405461
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The renaissance of ordoliberalism in the 1970s and 1980s
Krieger, Tim; Nientiedt, Daniel - 2023
The economic tradition of ordoliberalism, understood as the theoretical and policy ideas of the Freiburg School, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories imported from the English-speaking world. The crisis in...
Persistent link: https://www.econbiz.de/10014304519
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Market democracy, rising populism, and contemporary ordoliberalism
Dold, Malte; Krieger, Tim - 2024
Populist movements increasingly challenge liberal Western market democracies. Populism can be explained only in part by phenomena like globalization and digitization producing winners and losers in economic terms. Growing feelings of alienation from the market-democratic system and the perceived...
Persistent link: https://www.econbiz.de/10014455539
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Controlling complexity in spatial modelling
Paelinck, Jean H. P. - 2000
The present complexity approach is based on two assumptions: A1: measurability of deviations of outcomes with respect … to reference values; A2 : extension of A1 to multi-set analysis. Complexity is then defined in terms of multi … reducing greatly the degree of complexity of the problem, and hence the difficulty of finding a solution. …
Persistent link: https://www.econbiz.de/10009781643
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Complexity and distributive fairness interact in affecting compliance behavior
Bellemare, Charles; Deversi, Marvin; Englmaier, Florian - 2019
obligations. We present evidence from a laboratory tax experiment suggesting that the effects of complexity on compliance are … intrinsically linked to distributive fairness. We find that compliance remains largely unaffected by complexity when income taxes … are distributed to a morally justified charity. Conversely, complexity significantly amplifies noncompliance when income …
Persistent link: https://www.econbiz.de/10012119790
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The standard portfolio choice problem in Germany
Huck, Steffen; Schmidt, Tobias; Weizsäcker, Georg - 2015
a series of additional laboratory experiments suggest that task complexity decreases the responsiveness to incentives …
Persistent link: https://www.econbiz.de/10011298558
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The ability gradient in bunching
Bastani, Spencer; Waldenström, Daniel - 2020
We analyze the relationship between cognitive ability and bunching in the context of a large and salient kink point of the Swedish income tax schedule. Using population-wide register data from the Swedish military enlistment and administrative tax records, we find that high-ability individuals...
Persistent link: https://www.econbiz.de/10012206064