Das zweite Kapitel trägt den Titel "Monetary and Fiscal Policy Interaction in a World with Heterogeneous Expectations."' Ein weiteres mal ist der Untersuchungsgegenstand die Fähigkeit einer Zentralbank, mittels Zinspolitik Preisstabilität in einer Ökonomie mit heterogenen Erwartungen...

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...

Die vorliegende kumulative Dissertation umfasst drei Essays, welche sich mit Fragestellungen der Geld- und Fiskalpolitik beschäftigen. Jeder Essay stellt ein Kapitel der Dissertation dar. Das erste Kapitel trägt den Titel "Heterogeneous Expectations and the Merit of Monetary Policy Inertia."...

Das dritte Kapitel trägt den Titel "Anticipation, Learning and Welfare: the Case of Distortionary Taxation." Es handelt sich hierbei um eine Zusammenarbeit mit Shoujian Zhang. Im Fokus der Untersuchung stehen antizipierte Steuerreformen. Die Individuen in der Ökonomie haben nicht-rationale...

We assess the long-run growth effects of automation in the overlapping generations framework. Although automation implies constant returns to capital and, thus, an AK production side of the economy, positive long-run growth does not emerge. The reason is that automation suppresses wage income,...

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...

We assess the long-run growth effects of automation in the overlapping generations framework. Although automation implies constant returns to capital and, thus, an AK production side of the economy, positive long-run growth does not emerge. The reason is that automation suppresses wage income,...