The process of globalization causes an increasing intensity of institutional competition, i.e. competition among national suppliers of institutional arrangements for mobile factors. This often leads to the conclusion that the competence of national economic policy actors is decreasing. As a...

Event studies represent an increasingly popular method to evaluate the welfare effects of economic policy decisions. The basic idea is that stock market reactions to the announcement of policy decisions contain superior information about the welfare effects of these decisions. This paper...

This report on new economic insights summarizes the evolutionary perspective on the theory of economic policy. It emphasizes the limited competence of governments and other agencies to pre-design the evolution of the economic system and markets. In doing so, it nevertheless identifies general...

Main description: Einmal mehr zeigt sich die Heterogenität der Mitgliedsstaaten der Europäischen Union in ihren wirtschaftlichen, politischen und institutionellen Rahmenbedingungen ebenso wie in ihren wirtschaftspolitischen Präferenzen und in ihren Vorstellungen, wie auf Herausforderungen...

Namhafte Autorinnen und Autoren von renommierten Universitäten und Institutionen analysieren in diesem Band das seit Jahrzehnten kontrovers diskutierte Verhältnis von Recht und Ökonomie aus verschiedenen Blickwinkeln und Disziplinen und widmen sich dabei aber aktuellen Themen.Zunächst wird...

Event studies represent an increasingly popular method to evaluate (future) welfare effects of economic policy decisions. The basic idea is to hire the stock market as a referee, i.e. that stock market reactions to the announcement of policy decision are interpreted to contain superior...