Die Zentralbanken versuchen gegenwärtig mit dem Instrument der Zinsschraube beides zu erreichen: Inflationsabschwächung und Finanzmarktstabilisierung. Sie geben auch vor, separate Instrumente für beide Probleme zu haben. Aber ist das wirklich so? Unbestreitbar ist, dass die fiskalischen und...

According to the German federal government's climate protection targets, there will be a continuous reduction of lignite-based electricity well before 2030. Simulations show that the currently authorized lignite mines in eastern Germany would not be fully depleted if the climate protection...

Den Klimaschutzzielen der Bundesregierung zufolge muss dieBraunkohleverstromung in Deutschland bereits deutlich vor demJahr 2030 kontinuierlich abnehmen. Simulationen zeigen, dass diebereits genehmigten Tagebaufelder in den ostdeutschen Revierenbei einer Einhaltung der Klimaschutzziele bis 2030...

We examine whether monetary transmission during the financial and sovereign debt crisis was dominated by the cost channel or by the demand-side channel effect. We use two approaches to track down the potential passthrough of changes in the monetary policy rate to those in consumer prices. First,...

We investigate the link between the propensity to become an entrepreneur and exogenous release from nancial constraints in Germany. This is de ned in terms of the movement from employment to self employment on receipt of a nancial windfall. A theoretical framework developing Evans and Jovanovic...

This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...