Die neuere Institutionenökonomik schaut inzwischen auf eine rund 40-jährige Entwicklung zurück und hat sich im Kanon der modernen Ökonomik dauerhaft etabliert. Für Dogmenhistoriker ist dies ein hinreichender Grund sich mit dieser Entwicklung etwas ausführlicher zu beschäftigen, zumal sich...

[Managementzusammenfassung] Der Landesteil Schleswig ist durch ländliche Räume mit Oberzentren, überwiegend kleine und mittlere Unternehmen sowie spezifische demografiesensible Branchen gekennzeichnet. Das Projekt „Wirtschaft Arbeit Leben Raum Nord“ hatte vor diesem Hintergrund das Ziel,...

Video-recorded decapitations have an enormous impact, they are cheap and easy, and they allow the terrorists to exploit the potential of the Internet. With these advantages, the tactic would have been expected to quickly spread across the globe as a favored tactic. Yet, years after its invention...

The discrepancy between popular impressions of how the 2002 changeover to the euro affected prices and its actual impact is perhaps the most surprising consequence of the single currency’s introduction. Following the changeover, perceived inflation rose significantly and returned to its...

In 1994 the FOMC began to release statements after each meeting. This paper investigates whether the public’s views about the current path of the economy and of future policy have been affected by changes in the Federal Reserve’s communications policy as reflected in private sector’s...

Using intra-day data, we assess the impact of the press release on euro area monetary data on the different segments of the euro area yield curve. For this purpose, we estimate a relation between the “news” or “surprise” in the released data for annual M3 growth and the move in the...

This paper shows that the explanation of the decline in the volatility of GDP growth since the mid-eighties is not the decline in the volatility of exogenous shocks but rather a change in their propagation mechanism.