In diesem Beitrag werden mögliche ordnungspolitische Konsequenzen der Finanzmarktkrise in Folge der Turbulenzen auf dem US-amerikanischen Hypothekenkreditmarkt diskutiert. Zunächst erläutern die Autoren theoretisch und empirisch die Phänomene der Bankenkrisen und der Ansteckung in einem...

Most small island economies or "microstates" have distinctly different characteristics from larger developing economies. They are more open and vulnerable to external and environmental shocks, resulting in high output volatility. Most of them also suffer from locational disadvantages. Although a...

Hohe und weiter steigende Bewertungsniveaus an Aktien- oder Immobilienmärkten werden von Beobachtern aus Wirtschaft, Politik, Medien und der akademischen Welt oft als Vermögenspreisinflation ("Asset Inflation") bezeichnet und als ein wirtschaftspolitisches Problem interpretiert, zu dessen...

The trend towards activation has been one of the major issues in recent welfare and labour market reforms in Europe and the US. Despite considerable initial variation across national models with respect to the scope and intensity of activation, redefining the link between social protection and...

This report constitutes the third report of the Policy Mix Expert Group set up by CREST within the context of the Open Method of Coordination (OMC). The main objective of the Policy Mix Expert Group in the third cycle of the OMC was to build on a pilot exercise carried out in the second cycle of...

The German Renewable Energy Act (EEG) has been very successful in promoting the deployment of wind power plants and other renewable energy power generating technologies in Germany. The increasing share of EEG-power in the generation portfolio, increasing amounts of fluctuating power generation,...