We quantify the role of financial factors behind the sluggish post-crisis performance of European firms. We use a firm-bank-sovereign matched database to identify separate roles for firm and bank balance sheet weaknesses arising from changes in sovereign risk and aggregate demand conditions. We...

China's impressive development since the introduction of market-oriented reforms in the late 1970s has had a considerable impact on the world economy. After a first decade and a half of cautious experiments with liberalization, markets, and internationalization, Chinese reforms accelerated in...

The People's Republic of China experienced a tremendous economic development within the last four decades. The increased economic power and political weight of China are challenging the USA and EU. Furthermore, the strategies used by China for its own development, e.g. broad-based industry...

Dieses Policy Paper untersucht für die Europäische Union, die Bundesebene und die Bundesländer die institutionelle und inhaltliche Ausgestaltung der Regulierungskontrolle und der Maßnahmen zum Bürokratieabbau. Die Analyse der administrativen Belastungen für die Unternehmen in Deutschland...

Economic and Monetary Union (EMU) can be characterised as a complicated set of legislation and institutions governing monetary and fiscal responsibilities.The measures of fiscal responsibility are to be guided by the Stability and Growth Pact (SGP), which sets rules for fiscal policy and makes a...

This thesis consists of four essays in empirical macroeconomics. The first three essays examine the conduct of monetary policy during a disinflationary and deflationary era, with the policy interest rates close to or at the zero bound.The questions of interest include the potency of the interest...

1 Introduction . 10 2 Alternative models for optimal price setting 16 2.1 Basic model with endogenous supply 17 2.2 Optimal price setting models . 21 2.2.1 Optimal price setting with fully flexible prices 21 2.2.2 Optimal non-overlapping price setting with nominal rigidities . 23 2.2.3 Optimal...

This European Migration Network study examines policy and practice relating to non-EEA start-ups and innovative entrepreneurs in Ireland. The study is an in-depth examination of the Start-Up Entrepreneur Programme (STEP) by which start-up founders, innovative entrepreneurs and their families...

Die Künstliche Intelligenz (KI) gilt als Basistechnologie des 21. Jahrhunderts und führt, wenn auch in unterschiedlichen Geschwindigkeiten, zu drastischen Veränderungen in praktisch allen Industrien. Die Finanzbranche gehört dabei zu den Industrien, welche bereits heute mit am stärksten von...

Die Bundesregierung und die Europäische Kommission mussten in den letzten Wochen viel Kritik bezüglich ihrer Impfstoffbeschaffungsstrategie zur Eindämmung der Corona-Pandemie einstecken. Vor dem Hintergrund zu schleppend erscheinender Impfstofflieferungen und der zunehmenden Gefahr durch die...