Die deutsche und europäische Migrationspolitik befindet sich im permanenten Krisenmodus. Plötzliche Anstiege ungeregelter Zuwanderung nähren ein Gefühl von Kontrollverlust, das wiederum von populistischen Kräften instrumentalisiert wird. Daher hat die Politik großes Interesse an...

German and European migration policy operates in permanent crisis mode. Sudden increases in irregular immigration create a sense of loss of control, which is instrumentalised by populist forces. This has generated great interest in quantitative migration predictions. High expectations are placed...

We study how income inequality affects monetary policy through the inequality-household debt channel. We design a minimal macro Agent-Based model that replicates several stylized facts, including two novel ones: falling aggregate saving rate and decreasing bankruptcies during the household's...

This study investigates the functioning of modern payment systems through the lens of banks‘ maturity mismatch practices, and it examines the effects of banks‘ refusal to roll over short-term interbank liabilities on financial stability. Within an agent-based stock-flow consistent framework,...