Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real...

This paper contributes to the micro-foundation of money in centralized markets with idiosyncratic uncertainty. It shows existence of stationary monetary equilibria and ensures that there is an optimum quantity of money. The rational solution of our model is compared with actual behavior in a...

"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the Eurosystem. The study also goes into the major economic policy...

The low unemployment rates traditionally enjoyed by Sweden have often been attributed to the country's extensive system of active labour market programmes, which have thus frequently been regarded as a model for other countries to emulate. However, unemployment grew enormously in Sweden when the...

The 'Swedish model' of active labour market programmes is investigated in relation to some crucial institutional features with two aims: examining how successful it has been in the context of the high unemployment atypically experienced by Sweden in the 1990s and trying to derive some general...

Schulinspektionen haben im Bildungssystem die Aufgabe, die Qualität von Schule zu überprüfen und Impulse für Schulentwicklung anzustoßen. Es gibt jedoch keinen Konsens darüber, was man unter Qualität versteht. Im Rahmen des Beitrags wird untersucht, inwiefern Schulinspektionen in ihren...

This literature review starts with a general discussion of young people and their various activities with special emphasis on youth unemployment and the outcome of alternative ways of measuring the prevalence of unemployment among young people. Thereafter the focus turns to measures targeted at...

Für den Bereich des Winterberges bei Schierke (Harz) existieren Planungen eines Wander- und Skigebietes inkl. Seilbahn. Im Rahmen der Vorbereitung des Raumordnungsverfahrens wurde ein Fachgutachten in Auftrag gegeben, da zwei bereits vorliegende Gutachten zu widersprechenden Bewertungen und...