So far the discussion in Switzerland about the social costs and benefits of higher capital requirements resulting from the new Basel III Accord and the Swiss Too Big To Fail legislation has been heavily qualitative. This paper provides a quantitative view and estimates the long-run costs and...

The fiscal commons problem is one of the most prominent explanations of excessive spending and indebtedness in political economics. The more fragmented a government, the higher its spending, deficits and debt. In this paper we investigate to what extent this problem can be mitigated by different...

Diese Dissertation beschäftigt sich mit den makroökonomischen Konsequenzen der Annahme heterogener Firmen. Die geldpolitischen Implikationen stehen dabei im Vordergrund. In den ersten beiden, theoretisch ausgerichteten Kapiteln liegt der Fokus auf der Tatsache, dass Firmen unterschiedlich...

So far the discussion in Switzerland about the social costs and benefits of higher capital requirements resulting from the new Basel III Accord and the Swiss Too Big To Fail legislation has been heavily qualitative. This paper provides a quantitative view and estimates the long-run costs and...