Background: Strokes cause an estimated annual health care burden of 170 billion euros across Europe. Atrial fibrillation is one of the major risk factors for stroke and increases the individual risk 4.2-fold. But prevention with anticoagulants may reduce this risk by 70%. Screening methods are...

Using annual data for 21 OECD countries we provide evidence of remarkable mispricing of sovereign bonds for the so-called GIIPS countries before the start of the financial crisis. Our results also qualify the view of pronounced overpricing in the crisis. In detail, we find: (i) Since the 1980s...

Wie keine anderen Verhandlungen in der jüngeren Geschichte haben die bilateralen Gespräche zur Transatlantischen Handels- und Investitionspartnerschaft (kurz TTIP) die öffentliche Meinung gespalten. Dieses Buch analysiert die Argumente von Befürwortern und Gegnern und nimmt jenseits der...

The ECB has successfully performed its main task in the context of an independent monetary policy: The euro is stable and enjoys the confidence of the population and the economy. Regarding sustainability, the ECB has so far displayed varying degrees of ambition. The ECB on its own can, and...

What is the role of fiscal variables for the assessment of sovereign credit risk? Has this role changed over time? In the face of the financial crisis many OECD countries have experienced large increases of government debt relative to GDP. This has triggered a distinct response of financial...

This paper qualifies the view of pronounced overpricing of sovereign bonds for the so-called GIIPS countries during the financial crisis. We use annual data for 21 OECD countries from 1980 to 2012. As opposed to related studies, our data set allows us to contrast the pricing of macroeconomic...