Nach dem großen Erfolg des Buches "Von der Subprime-Krise zur Finanzkrise" arbeiten die Autoren die Entwicklungen auf … Mensch in der Finanzkrise: Vom Homo Oeconomicus zu Behavioural Finance? - Die Finanzkrise - Eine Blase in einer Reihe von … Blasen? - Welche Rolle spielt die Rechnungslegung in der Finanzkrise? - Welche Rolle spielen die Hedgefunds in der …

a further shock to the eurozone. We find that although the direct impacts are likely to be muted, it could trigger a … successive bouts of quantitative easing, initially in the US and now in Japan. In light of a possible reassessment of risks and …

We analyze the ups and downs in economic growth in recent decades by constructing a model with recurrent bubbles …, crashes, and endogenous growth. Once realized, bubbles crowd in investment and stimulate economic growth, but expectation … about future bubbles crowds out investment and reduces economic growth. We identify bubbly episodes by estimating the model …