Dieses Buch ist für alle Entscheider, Visionäre und Menschen in Deutschland gedacht, die sich um eine erfolgreiche Lösung unserer Probleme bemühen und einen Beitrag zu einer nachhaltigen, friedlichen und solidarischen Welt leisten wollen. Maximilian Gege stellt mit der Zukunftsanleihe und...

We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...

In the aftermath of the Great Recession and during the debt crisis in the euro area yields on German federal bonds have been exceptionally low. This analysis tries to calculate the profits that the federal government makes due to the low yields. The interest payments that are due to emissions of...