This paper evaluates the impact of public employment on private sector activity using the relocation of the German federal government from Berlin to Bonn in the wake of the Second World War as a source of exogenous variation. To guide our empirical analysis, we develop a simple economic...

German separation in 1949 into a communist East and a capitalist West and their reunification in 1990 are commonly described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in East and West Germany were far from being randomly...

German separation in 1949 into a communist East and a capitalist West and their reunification in 1990 are commonly described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in East and West Germany were far from being randomly...

German separation in 1949 into a communist East and a capitalist West and their reunification in 1990 are commonly described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in East and West Germany were far from being randomly...

German separation in 1949 into a communist East and a capitalist West and their reunification in 1990 are commonly described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in East and West Germany were far from being randomly...

German separation in 1949 into a communist East and a capitalist West and their reunification in 1990 are commonly described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in East and West Germany were far from being randomly...

German separation in 1949 into a communist East and a capitalist West and their reunification in 1990 are commonly described as a natural experiment to study the enduring effects of communism. We show in three steps that the populations in East and West Germany were far from being randomly...

Der Schuldenstand des deutschen Staates wächst in der Pandemie auf voraussichtlich 2,7 Billionen Euro im Jahr 2022. Der Zenit der Schuldenstandquote wird bereits Ende dieses Jahres mit 75 Prozent erreicht werden. Von den 650 Milliarden zusätzlichen Staatsschulden während der Corona-Krise...

[Fazit] Statt einer Abschaffung der Schuldenbremse und einer Rückkehr zur Welt vor Einführung der Schuldenbremse sollte die Regelung vielmehr zukunftsfest überarbeitet werden. Zwei Argumente sprechen dafür: Erstens besteht unverkennbar ein enormes Investitionsdefizit, zweitens sind die...

Der Schuldenstand des deutschen Staates wächst in der Pandemie auf voraussichtlich 2,7 Billionen Euro im Jahr 2022. Der Zenit der Schuldenstandquote wird bereits Ende dieses Jahres mit 75 Prozent erreicht werden. Von den 650 Milliarden zusätzlichen Staatsschulden während der Corona-Krise...