same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse … problem and to quantitatively assess answers regarding the initial questions. We find strong evidence for herding in … from experts external to the survey. The social multiplier approximately doubles the effect of information (signals …

This paper analyses the recession in 2008/2009 in Germany, which is very different from previous recessions, in …Dieser Beitrag untersucht die Rezession der Jahre 2008/2009 in Deutschland. Diese Rezession hebt sich in ihrer Ursache …