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"The recent global financial crisis has shaken the confidence of developed and developing countries alike in the very blueprint of financial and macro policies that underlie the western capitalist systems. In an effort to contain the crisis from spreading, the authorities in the US and many...
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bubbles emerge endogenously within the model. I find that in this model the only monetary policy that would be likely to …
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) argues, it has no credible mechanism for ruling out bubbles and as a result fails to provide a reason for private agents to … bubbles. However it does imply that money cannot be avoided in the new Keynesian set-up, contrary to Woodford (2008). -- New …
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Allein in den ersten drei Wochen nach dem Mauerfall zahlte die Bundesrepublik an 18 Millionen DDR-Bürger jeweils 100 Mark Begrüßungsgeld aus. Was hätte aus diesem Einsatz in der seither vergangenen Zeit bei geschickter oder weniger geschickter Anlagetaktik werden können? Die politischen und...
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