This paper evaluates the consequences of accelerated technical progress for monetary transmission and the speed of adjustment in the real economy. With a decreasing service life, the long term rate relevant to real demand will resemble more closely the money market rate. We make the investment...

Ansätze zur Nutzungsintensivierung und Nutzungsdauerverlängerung von Produkten (z. B. Instandhaltungsleistungen, Wiederverwendung, Vermietung, gemeinsame Nutzung, ergebnisorientierte Dienstleistungen) können eine Entschleunigung und Verringerung von Material- und Energieflüssen bewirken. Sie...

In this paper, we present international comparisons of potential output growth among several economies —Canada, the euro area, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, and the United States— for the period 1991-2004. The main estimates rely on a structural approach...

Platforms operators act as private regulators to increase usage and maximize profits. Their goals depend on the development of the platform: overcoming the chicken-egg problem early on requires attracting platform participants while quality becomes more important later on. Private regulators...