In der gerade begonnenen Legislaturperiode steht eine Modernisierung der Altersvorsorge an. Der Koalitionsvertrag sieht eine Kapitaldeckung und eine renditeorientierte Anlage in allen Schichten des deutschen Alterssicherungssystems vor; die Einrichtung staatlich organisierter Fonds soll geprüft...

A structural Bayesian vector autoregression model predicts that - when accompanied by a decline in consumer confidence - a one-percent decrease in house prices is associated with a contraction of economic activity by 0.2 to 1.2 percent after one year. Results point to important second-round...

We examine whether the robustifying nature of Taylor rule cross-checking under model uncertainty carries over to the case of parameter uncertainty. Adjusting monetary policy based on this kind of cross-checking can improve the outcome for the monetary authority. This, however, crucially depends...

The Taylor rule is a widely used concept in monetary macroeconomics and has been used in various areas either for positive or normative analyses. We examine whether the robustifying nature of Taylor rule cross-checking in the spirit of Risland and Sveen (2011) also carries over to the case of...

The role of outside directors is one of the key features in the transatlantic corporate governance debate. As their importance rises, their liability is also attracting attention. Since there are only a few cases internationally in which outside directors of listed companies have been held...