Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of...

The year-long consultations on Basel II mirror the international popularity of capital requirements as a regulatory instrument. Yet, the impact of capital requirements on banks' behavior is not fully understood. The aim of this study is to contribute to this understanding by answering the...

Grundlegende Begriffe und ihre empirische Darstellung -- Volkswirtschaftliche Bedeutung des Verkehrs -- Verkehrsökonometrische Methoden und Verfahren -- Besonderheiten des Verkehrssektors zur Begründung staatlicher Einflussnahme -- Elemente der verkehrspolitischen Praxis.