Aggregate bank lending has stagnated since 1990 in Japan. This observation has generated a debate on whether the supply side of the credit market had an effect on the economy in its recent slowdown. At this point, the evidence is ambiguous. The hypothesis is primarily challenged by the low level...

Aggregate bank lending has stagnated since 1990 in Japan. This observation has generated a debate on whether the supply side of the credit market had an effect on the economy in its recent slowdown. At this point, the evidence is ambiguous. The hypothesis is primarily challenged by the low level...

The use of tariffs in the absence of subsidies in small countries is an empirical observation which stands in sharp contrast to the theoretical literature of trade policy. We analyze the welfare effects of tariffs and subsidies in a homogeneous good duopoly game with cost asymmetries between the...

Eine Kreditklemme der privaten Firmen trägt nach Meinung von Frank Westermann, Ph.D., Universität München, zu der derzeitigen Verlangsamung des Wirtschaftswachstums in Deutschland bei. Insbesondere kleinere Firmen sind hiervon betroffen, während große Firmen verstärkt alternative...

Staatsausgaben und Steuereinnahmen verursachen nicht nur einen direkten Impuls, sondern lösen auch eine Multiplikatorwirkung aus. Die Erhöhung des Einkommens führt zu einer Ausweitung des privaten Konsums, somit zu einer weiteren Nachfrageerhöhung und einer abermaligen Produktionserhöhung...