To consider legal standards in empirical research designs, the qualitative information of the law needs to be transferred in a numerical variable. The challenge in creating such a variable consists in finding the right balance between high information density and transparency while keeping the...

The zero lower bound era introduced a new perspective on the functionality of fiscal rules. With such low interest rates, the argument goes, extending debt financed public investment spending would be reasonable and thus existing fiscal rules too restrictive. Using data of Swiss cantonal public...

We analyze the memory in volatility by studying volatility return intervals, defined as the time between two consecutive fluctuations larger than a given threshold, in time periods following stock market crashes. Such an aftercrash period is characterized by the Omori law, which describes the...

Community-based health promotion (CBHP) interventions are promising approaches to address public health problems; however, their economic evaluation presents unique challenges. This review aims to explore the opportunities and limitations of evaluating economic aspects of CBHP, focusing on the...

In the early 2020s sharp surge of inflation, unprecedentedly high levels of government debt and deficits fueled attention for the Fiscal Theory of the Price Level (FTPL). This theoretical framework for fiscally induced inflation is well-known and controversially discussed. However, empirical...

In the early 2020s sharp surge of inflation, unprecedentedly high levels of government debt and deficits fueled attention for the Fiscal Theory of the Price Level (FTPL). This theoretical framework for fiscally induced inflation is well-known and controversially discussed. However, empirical...

Die politische Diskussion um die deutsche Schuldenbremse klingt nicht ab. Nicht zuletzt dürften die Verhandlungen über den Bundeshaushalt des Jahres 2025 ihren Teil dazu beigetragen haben. Im Grunde kritisieren zu einem erheblichen Teil dieselben Personen die Schuldenbremse mit denselben...

Die Arbeit von Auten und Splinter (2024) ist der jüngste Beitrag einer andauernden Debatte zur Entwicklung von Einkommensungleichheit in den USA. In dieser Debatte werden primär die Arbeiten von Piketty und Koautoren zitiert. Die Ergebnisse von Auten und Splinter hinterfragen bisherige...

The zero lower bound era introduced a new perspective on the functionality of fiscal rules. With such low interest rates, the argument goes, extending debt financed public investment spending would be reasonable and thus existing fiscal rules too restrictive. Using data of Swiss cantonal public...