This paper analyzes the role of Thin-Capitalization rules for capital structure choice and investment decisions of multinationals. A theoretical analysis shows that the imposition of such rules tends to affect not only the leverage and the level of investment but also their tax-sensitivity. An...

The democratic accountability of policymaking institutions which are autonomous within delegated mandates has not received as much attention as their independence. We analyze in a theoretical model the effects of accountability in the form of possible overriding of economic policy decisions by...

Verlagsinfo: Der symbolistische Dichter Stefan George sammelte nach der Jahrhundertwende einen Kreis von Dichtern und Intellektuellen um sich, mit denen er arbeitete und lebte, und die er in ihrer wissenschaftlichen Tätigkeit unterstützte. Es überrascht zunächst, dass neben...