Zur Umsetzung einer Verkehrsverlagerung vom autozentrierten Individualverkehr auf den (elektrifizierten) Schienenverkehr bedarf es unter anderem einer neuen Schwerpunktsetzung in der Infrastrukturplanung. Die Erarbeitung von Projektvorschlägen für den Bundesverkehrswegeplan 2030 auf der Ebene...

We investigate whether ideology drives the sentiments of parliamentarians when they speak to the central bank they hold accountable. To this end, we collect textual data on the quarterly hearings of the ECB President before the European Parliament from 1999 to 2019. We apply sentiment analysis...

Deviations from a policy rule underpin empirical identification of monetary policy shocks. We cast light on how deviations arise by analyzing internal policy deliberations of the Federal Open Market Committee (FOMC). We show that policymakers’ beliefs about higher-order moments of economic...

Before the middle of the nineteenth century most laws enacted in the United States were special bills that granted favors to specific individuals, groups, or localities. This fundamentally inegalitarian system provided political elites with important tools that they could use to reward...