Money manager capitalism - characterized by highly leveraged funds seeking maximum returns in an environment that systematically underprices risk - has resulted in a series of boom-and-bust cycles in equities, real estate, and commodities. Because subsequent cycles have been increasingly...

The very low interest rates and inflation rates of recent years has generated renewed interest in alternative policies that would not leave central banks trapped by the zero lower bound on nominal interest rates. Amongst this debate, surprisingly little attention has been paid to the possibility...

s of June 16, 2020

Metropolregionen dürfen nicht nur für Wirtschaftsförderung und Standortmarketing zuständig sein, sondern sollten sich auch an normativen Zielen der Raumentwicklung orientieren: Eine integrative und nachhaltige Entwicklung in Metropolregionen bedarf einer Verbindung von ordnender...

Cities around the world are experiencing unprecedented vertical growth. Yet, the economics of skyscrapers remain empirically understudied. This paper analyzes the determinants of the urban height profile by combining a micro-geographic data set on tall buildings with a unique panel of land...