Recent developments in economics and the science of law emphasize their cooperation for a better understanding of social structures and interactions, an effective application of social scientific knowledge and a rational evaluation and implementation of social norms. There are, however,...

In this note we show that the standard, loglinear growth regression specificationis consistent with one and only one model in the class of stochastic Ramsey models. Thismodel is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciationrate and it implies that risk does...

Meta-analysis is a research method to synthesise previously obtained researchresults. It is best seen as a statistical approach towards reviewing and summarising theliterature. This paper aims to introduce and critically review the research method ofmeta-analysis and to illustrate its potential...

Economists are increasingly turning to the experimental method as a means to estimate causal effects. By using randomization to identify key treatment effects, theories previously viewed as untestable are now scrutinized, efficacy of public policies are now more easily verified, and stakeholders...

Die Öffentlichkeit hat ein Interesse zu wissen, ob politische Maßnahmen die mit ihnen verfolgten Ziele wirksam und wirtschaftlich erreichen. In empirischen Studien, die als Grundlage für evidenzbasierte Wirtschaftspolitik dienen können, werden häufig komplexe Methoden verwendet, um...

Qualitative Forschungsmethoden stehen in den Wirtschaftswissenschaften noch immer im Schatten quantitativer Methoden und ökonomischer Modelle. Dies gilt insbesondere für die deutsche Forschung, während sich international eine zunehmende Öffnung zu qualitativen Methoden abzeichnet. In diesem...

Dieser Beitrag entstand im Rahmen der wissenschaftlichen Beratung des Regierungsprojektes „Gut leben in Deutschland“, das von 2014 bis 2016 lief und das vorläufig mit einem Bericht der Bundesregierung zur „Lebensqualität in Deutschland“ abgeschlossen wurde (Bundesregierung 2016a, b)....

Periods of economic and financial stress traditionally give rise to profound changes in economic theory and in the way policy decisions are taken. Motivated by the recent interest in renewing macroeconomics after the global financial crisis, we collected the views of senior central bank staff in...

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new database of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...