This paper reconstructs the economic policy debates in Bulgaria during the Great Depression. The goal is twofold. First, it depicts the development of Bulgarian economic thought in the inter-war period and analyzes its intellectual relationships to the evolution of European (especially...

Die jüngste globale Wirtschafts- und Finanzkrise sowie die Eurokrise werden kurz skizziert und analysiert. Wirtschaftswissenschaftler waren an diesen Krisen und ihrer Überwindung beteiligt. Ihr Anteil sollte jedoch nicht überschätzt werden. Mehr Forschung zu relevanten Problemen und eine...

The persistently low and (partly) negative output growth in Germany in 2019 evoked memories of the recent global economic crisis and, by this, sparked debates about measures to counter the growing number of unemployed, for example changing the generosity of unemployment benefits (UB) and...

Economists commonly specialize in some limited parts of the general field. This is a necessity, due to the complexity of the different issues, the amount of literature available on each of them and the possibility of recourse to different analytical or statistical tools. However, specialization...

It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...

It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...

It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...

The Obama Administration stimulus package, based on widely accepted Keynesian principles, did not succeed. There is little agreement on why. Some liberals say the stimulus should have been bigger. Some conservatives says tax cuts would have been better than spending increases. Some oppose...

In universities all over the world, hiring and promotion committees regularly hear the argument: this is important work because it is about to appear in prestigious journal X. Moreover, those who allocate levels of research funding, such as in the multi-billion pound Research Assessment Exercise...

In universities all over the world, hiring and promotion committees regularly hear the argument: “this is important work because it is about to appear in prestigious journal X”. Moreover, those who allocate levels of research funding, such as in the multi-billion pound Research Assessment...