A key insight from the open economy literature is that domestic price stability is in general not optimal for countries that exert some market power over their terms of trade. Under commitment, a national benevolent monetary policymaker improves upon the allocation associated with stable...

Die Anwendung und Einführung der IFRS Rechnungslegung war bereits Gegenstand vieler wissenschaftlicher Studien. Zumeist bezogen sich die Untersuchungen in diesem Gebiet auf die Qualität der Rechnungslegung sowie die Vergleichbarkeit von Jahresabschlüssen und ob diesbezüglich eine Bewertung...

What are the macroeconomic consequences of a government that is limited in its willingness or ability to raise primary surpluses, and a central bank that accommodates its interest-rate policy to the fiscal conditions? I address this question in a dynamic stochastic sticky-price model with...

While many digital technologies provide opportunities for creating business models with an impact on sustainability, some technologies, especially blockchain applications, are often criticized for harming the environment, e.g. due to high energy demand. In our study, we present a novel approach...