In this paper, the focus lies on the way the German government spends, how it spends and what the connection between finance ministry and central bank is. The institutions involved in the process are identified and discussed. As a member of the Eurozone, Germany's national central bank is not...

We analyze public expectations about migrants’ provision of work effort as a driving force in the self-selection process of high-skilled migrants. We adopt and extend Piketty’s (1998) theoretical framework of social status and work out how country-specific public expectations affect the...