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propaganda helped the Nazis to enroll new party members. After the Nazis established their rule, radio propaganda incited anti …-Semitic acts and denunciations of Jews to authorities by ordinary Germans. The effect of anti-Semitic propaganda varied depending …-demokratisch ausgerichtet war, hatte das Radio einen signifikant negativen Einfluss auf die Wahlergebnisse der NSDAP. Dieser Effekt wurde …
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What can be done to reduce the likelihood of future wars? While states’ decisions that bear on war are ultimately made … future wars. This thesis can be broken down into two claims: first, there is a war bias of political leaders; second, people … citizens have substantially divergent interests with respect to policies that risk the outbreak of war. Political leaders may …
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Overnight money market rates are the predominant operational target of monetary policy. As a consequence, central banks have redesigned the implementation of monetary policy to keep the deviations of the overnight rate from the key policy rate small and short-lived. This paper uses fractional...
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This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function of the ECB, we use qualitative survey data on expectations about the future interest rate, inflation, and output to discover...
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The game-theoretical analysis of this paper shows that stress tests that cover the entire banking sector (macro stress tests) can be performed by institutional supervisors to improve welfare. In a multi-receiver framework of Bayesian persuasion we show that a banking authority can create value...
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