In the past decade, central banks worldwide started to face new challenges: Rather than preventing too high inflation rates, monetary policy makers started to worry about too low inflation. Very low and even negative policy rates and large balance sheet expansion together with unconventional...

"Balancing the Commons in Switzerland outlines continuity and change in the management of common-pool resources such as pastures and forests in Switzerland. The book focusses on the differences and similarities between local institutions (rules and regulations) and forms of commoners'...