Eine fundierte Lektüre voller Zahlen und Fakten sowie mit konkreten Empfehlungen zur Sanierung der Weltwirtschaft. Gegen die hemmungslosen staatlichen Bankenrettungspläne der Regierung kann nur noch eine Schocktherapie wirken - so die Meinung der Autoren Ernst Munk und Nicole Essiger. Wie der...

"In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and...

We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy is contrasted with a reference policy which would be first best in a frictionless economy. Results are: the Ramsey policy i) implies a higher steady state ratio of government...

We study the consequences of non-neutrality of government debt for macroeconomic stabilization policy in an environment where prices are sticky. Assuming transaction services of government bonds, Ricardian equivalence fails because public debt has a negative impact on its marginal rate of return...