Jahrbuch der "Arbeitsgruppe Alternative Wirtschaftspolitik", die ihre Analyse als sozial-ökologisch orientierten Gegenentwurf zum Jahresgutachten der "Fünf Wirtschaftsweisen" versteht. (LK/OS: Dannert)

This volume was prepared by Markus Reischmann while he was working at the Ifo Institute. It was completed in June 2015 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in November 2015. It includes five self-contained chapters in the fields of public...

In this paper, we quantitatively analyze to what extent a benevolent government should issue debt in a model where households are subject to idiosyncratic productivity shocks, insurance markets are missing and borrowing is restricted. In this environment, issuing government bonds facilitates...