Background: Many refugees arrived in Germany in 2015 and 2016. At the same time, anti-refugee attitudes among Germans increased. This indicates an association between immigration and attitudes. Now, ten years later, renewed public concern about immigration - while not many immigrate to Germany -...

Monetary policy implementation in a federal country requires both vertical (national and subnational governments) and horizontal (between subnational jurisdictions) institutional coordination. The optimal centralized monetary policy is blind and potentially nonheterogeneous at the subnational...