Wie ungeschminkt „Bild“ Politik zu machen versucht, hat ihre kampagnenartige Berichterstattung über die Griechenland- und Eurokrise 2010 besonders deutlich werden lassen. Die „Bild“-Studie der Otto Brenner Stiftung untersucht die Veröffentlichungen des Springer-Flaggschiffes zu diesem...

We present a dynamic general equilibrium model with agency costs where: i) firms are heterogeneous in the risk of default; ii) they can choose to raise finance through bank loans or corporate bonds; and iii) banks are more efficient than the market in resolving informational problems. The model...

In this analysis, the informational content of central bank rhetoric is assessed based on the experience with the ECB since 1999. Among the ECB’s communication channels we focus on the monthly press conferences. Based on a counting of certain signal words we construct a wording indicator...

"We present a dynamic general equilibrium model with agency costs where: i) firms are heterogeneous in the risk of default; ii) they can choose to raise finance through bank loans or corporate bonds; and iii) banks are more efficient than the market in resolving informational problems. The model...