Main description: Noch ist die Frage nicht abschließend beantwortet und beantwortbar, ob dauerhafte Folgen der Krise bleiben werden, in den Verhaltensweisen der Menschen und in den wirtschaftlichen Strukturen und Indikatoren ebenso wie in der Bedeutung ökonomischer Theorien. Dies gilt auch...

This study analyzes the exchange rate pass-through into German import prices based on disaggregated data taken on a monthly basis between 1995 and 2012. Our main contribution is twofold: firstly, we employ various time-series techniques to analyze data for different product categories, and also...

Deviations of policy interest rates from the levels implied by the Taylor rule have been persistent after the turn of the century even before the financial crisis. These deviations could be due to lower real interest rates, as stated by the savings glut hypothesis as well as the apparent success...

Given the shortcomings of the current responses to the sovereign debt crisis in the eurozone, the author proposes utilising national gold reserves as collateral for government debt. Gold backing would be quite attractive to bond investors and would significantly ease the burden of high sovereign...