The level of entrepreneurship differs considerably across countries and periods. Both thecauses and consequences of entrepreneurship are a matter of extensive scientific debate aswell as of great policy importance. A high level of entrepreneurial activity is assumed andshown to contribute to...

In this paper, we use the Wall Street Journal poll of FX forecasts to analyze how the group of forecasters form their expectations. One focus is whether forecasters build rational expectations. Furthermore, we analyze whether the group of forecasters can be regarded as homogeneous or...

The resurgence of entrepreneurship in the Westernworld is a multi-faceted phenomenon that may be studied according to the level of analysis--i.e., while micro level studies focus on the individual's choice to become self-employed, the macro perspective focuses on various environmental factors,...