Although the "financial meltdown" between 2007 and 2009 can be substantially attributed to herding behaviour in the subprime market for credit default swaps, a "mindless" IT implementation of participating financial services providers played a major role in the facilitation of the underlying...

We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using cross-country data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...

Die im Rahmen der Bekämpfung der COVID-19 Pandemie restriktiven Maßnahmen vieler Regierungen bewirkten eine Erhöhung der Telearbeitsquote. Auch in Österreich führte dies zu einem Anstieg, im April 2020 sogar stärker als im EU-Durchschnitt. Aktuell ist der Nutzen von Telearbeit gerade vor...

Since the late 1990s, the United States has received large capital flows from developing countries and experienced a productivity growth slowdown. Motivated by these facts, we provide a model connecting international financial integration and global productivity growth. The key feature is that...