Deutschland befindet sich 2023/24 in einer Phase ausgeprägter Wachstumsschwäche, die nicht nur, aber auch durch übermäßige Regulierung und hoher Belastung durch Bürokratiekosten verursacht ist. Dieser Kurzbeitrag analysiert einige ausgewählte Bereiche, die besonders durch Überregulierung...

From the mid-1980s to the early 2000s, images of crisis and reform dominated talk of Cameroon's economy. Doing Business in Cameroon examines the aftermath of that period of turbulence and unpredictability in the northern city of Ngaoundéré. Taking the everyday encounters between business...

This paper investigates the importance of the age composition for pandemic policy design. To do so, it introduces an economic framework with age heterogeneity, individual choice, and incomplete information, emphasizing the value of testing. Calibrating the model to the US Covid-19 pandemic...

We study the macroeconomic implications of narratives, defined as beliefs about the economy that spread contagiously. In an otherwise standard business-cycle model, narratives generate persistent and belief-driven fluctuations. Sufficiently contagious narratives can "go viral," generating...