With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...

The banking literature contains only a handful of studies of how bank revenues vary over the business cycle, and nearly all of these studies look exclusively on the net interest margin. The general conclusion has been that the margin tends to increase during recessions and decrease during booms....

With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...

Der Freistaat Sachsen wird in den kommenden Jahren vor komplexen Herausforderungen stehen. Diese umfassen einerseits demographische Aspekte wie den Rückgang sowie die Alterung der Bevölkerung. Hier könnten mittelfristig Anpassungsprozesse auf Sachsen zukommen, deren Finanzierung zumindest...