There is growing awareness within the economics profession of the important role narratives play in the economy. Even though empirical approaches that try to quantify economic narratives are getting increasingly popular, there is no theory or even a universally accepted definition of economic...

The economic geography literature distinguishes between two types of reasons for economic agglomeration. Regional concentration of economic activity can be attributed to 'first nature' meaning geographic advantages and disadvantages given by nature or to 'second nature' meaning agglomeration...

Das autonome Autofahren wird als einer der Treiber für einen radikalen Umbruch in der Automobilbranche und im Verkehrssystem gesehen. Gemessen an der Zahl der Patente zählt Deutschland nach allgemeiner Ansicht dabei zu den Technologieführern. Mit den neuen Technologien wird sich aber nicht...

Residential choice does not only depend on properties of the dwelling, neighbourhood amenities and affordability, but is also affected by the population composition within a neighbourhood. All these attributes are capitalised in the house price. Empirically, it is not easy to disentangle the...

This paper sketches the history of behavioral macroeconomics and presents four current approaches in the literature: the ad hoc behavioral approach, partial behavioral macroeconomic models, experimental macroeconomics, and behavioral DSGE models. Much of this literature is still patchwork, with...