This paper examines whether policymakers, economists at the Israeli Finance Ministry, act in their personal pension decisions in accordance with the rational behaviour assumptions underlying the pension policies they advance. We find that while economists' decisions regarding three other...

This paper examines whether policymakers, economists at the Israeli Finance Ministry, act in their personal pension decisions in accordance with the rational behaviour assumptions underlying the pension policies they advance. We find that while economists' decisions regarding three other...

After a long period of catch-up growth that began after the Second World War, France has now reached a technological frontier in many sectors of its economy. Why is it then that the French economy ranks so low in various rankings of the world's most innovative economies? Why is it so difficult...

Am 28. Juni 2017 fand die 68. Jahresversammlung des ifo Instituts in der Großen Aula der Ludwig-Maximilians- Universität München (LMU) statt. Der öffentliche Teil der ifo Jahresversammlung stand dieses Jahr ganz im Zeichen des Wechsels von ifo-Vorstand Meinhard Knoche in den Ruhestand. In...

This paper reconsiders the explanation of economic policy from an evolutionary economics perspective. It contrasts the neoclassical equilibrium notions of market and government failure with the dominant evolutionary neo-Schumpeterian and Austrian-Hayekian perceptions. Based on this comparison,...

Banks and other financial institutions which were too-big-to-fail (TBTF) played a central role during the Global Financial Crisis of 2007-2009. The present article lays out how misguided policies enabled banks to grow both in size as well as in complexity and therefore acquire TBTF status,...

The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt that is out of control by all meaningful measures....

Agriculture and rural development are one of the key pillars of the European Union. Macedonia as a country candidate for joining EU is entitled to financial premises of the European Instrument for Pre-Accession Rural Development (IPARD). The importance of agriculture and rural development for...