In 2013, the German Council of Economic Experts advised the then future German government to pursue a decisively marketoriented economic reform agenda in the fields of labour market and pension policy, tax policy and climate policy. Yet, policy makers have ignored this advice, basically...

The allure of an environmentally benign, abundant, and cost-effective energy source has led an increasing number of industrialized countries to back public financing of renewable energies. Germany's experience with renewable energy promotion is often cited as a model to be replicated elsewhere,...