Now, at the end of the 20th century, many OECD countries face serious problems in achieving both prosperity and social cohesion. One important - and sadly neglected - source of these problems are the very policy systems that are meant to address them. I will argue that these policy systems -...

Im Auftrag des Bundesfinanzministeriums hat das ifo Institut gemeinsam mit dem Institut für Wirtschaftsforschung Halle (IWH) die Effizienz der finanzpolitischen Maßnahmen in den neuen Bundesländern untersucht. Die Zwischenbilanz nach drei Jahren intensiver staatlicher Förderung ergab: Ein...

Since 2007 a financial crisis has hit economies. Each nation identified tools to help companies face numerous daily difficulties. This paper identifies some intermediate solutions from purely contractual (informal) arrangements for debt rescheduling between debtor and creditors to formal...