Die Eurokrise beherrscht die Tagesordnung der europäischen Räte. Auf deutscher Ebene wird die Handhabung des Rettungsschirms durch das Gesetz zur Übernahme von Gewährleistungen im Rahmen eines europäischen Stabilisierungsmechanismus geregelt. Dabei spielt eine wichtige Rolle, inwieweit das...

Over the last ten years the European unification project seemed to rely overwhelmingly on progress in economic terms. The most prominent achievements – the Single Market, the harmonisation of market regulation, the euro – were all driven by an economic rationale. However, attempts to rescue...

Central bankers are expected to communicate facts about the economy and shape individuals’ expectations about the economic future. However, credibility in economic affairs is often male-coded, particularly around the anti-inflationary commitments that central banks often need to project. Does...

The size and composition of assets and liabilities of households differ vastly across the income distribution in euro area countries. This paper shows that differences between income groups in household finance on both sides of the balance sheet contribute to income inequality. The distribution...

The view is widespread that there are just two options for the future of the Eurozone - either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...