Sei es durch Bankenkrisen oder Inflation, Schuldenbremse oder Zinsdebatten: Das Thema Geldpolitik ist in der Tagespolitik angekommen. Längst hat sich die Einsicht verbreitet, dass Geld kein neutrales Tauschmittel ist, sondern auch ein Instrument politischer Herrschaft. Gleichwohl fehlt noch...

Bitcoin's genesis -- What bitcoin really is -- Where bitcoin fits -- Behind the veil -- Money machine -- Privacy in public -- Resisting censorship -- Money for the marginalized -- Security through energy -- The price of energy -- Against bitcoin -- Scorecard.

"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the Eurosystem. The study also goes into the major economic policy...

This paper estimates a medium-scale DSGE model with search unemployment by matching model and data spectra. Price mark-up shocks emerge as the main source of business-cycle fluctuations in the euro area. Key factors in the propagation of these disturbances are a high degree of inflation...

Modem neo-Keynesian, new classical and real business cycle models typically differ in the degree to which they incorporate certain long-run or even short-run neutrality propositions. Given the importance of these neutrality propositions, it is somewhat surprising how little firm international...