Nordhaus (2008) has developed a testing strategy for what he calls "Baumol's diseases", by which name he designates a number of by-products of structural change that are unwanted from an economic policy perspective. He finds that the U.S. economy is strongly affected by the "diseases". This...

This paper examines the costs of recent sovereign defaults using synthetic control methods, a novel econometric technique based on comparative case studies. Evidence on the effects of debt crises is thus presented on a case-by-case basis, uncovering large variations in country-specific...

Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. The consequent tightening of...

German Abstract: ZusammenfassungDer vorliegende Forschungsbericht untersucht das Dekarbonisierungspotenzial von Anlageportfolios deutscher Pensionskassen im Kontext des Klimawandels und zeigt ein konzeptionelles Vorgehen auf, um das tatsächliche Potenzial zu messen. Anhand des Klimawandel und...