bankruptcy as a verifiable event that occurs whenever the agent makes a per period loss. This leads to less stringent truth …

the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on … financially safer firms are less affected by empty creditors. Banks that are not capital constrained and that are liquidity …

established by Piketty (2001, 2003). The disappearance of capital income from the income tax base in many countries poses a major … including capital gains to 2010, and the series excluding capital gains to 2008. Second, we derive three homogeneous series by … simulating legislative definitions of capital income prevailing in Germany between 2001 and 2010. For both simulation and the …

credit more than other banks. However, higher levels of better-quality capital mitigated this effect. Our results suggest …

We use a newly constructed narrative measure of regulatory bank capital requirement tightening events (Eickmeier et al … decline in inequality at longer horizons, as it cushions the negative effects of the capital requirement tightenings on wages …

In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German … the Morishima elasticity of substitution, labour and capital are substitutes in all sectors. Labour is generally a …