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Conflicts over Industrial and Trade Policy: Europe Between China and the United States
The chapter discusses the shift towards more pronounced industrial and strategic trade policies in Europe over the last years. Assessing the merits of such a policy, it is skeptical that such a policy will be ...
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Stable money and central bank independence: implementing monetary institutions in postwar Germany
Germany prides itself in having one of the most successful central banks and national currencies with respect to independence and stability. I show that not only were both imposed on the country after 1945, bu...
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Open AccessEU-Finanzrahmen
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Policy Coordination Under Model Disagreement and Uncertainty
What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how polici...
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Political polarization, term length and too much delegation
What is the strategic incentive for governments and societies to delegate decision making to independent agents? I develop a framework taking into account preference uncertainty and the term length of independ...
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Natural resource extraction, corruption, and expropriation
We develop a formal model that looks at the mutually endogenous determination of foreign direct investments in the extraction of natural resources, at the decision of host governments to expropriate these inve...
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Richtungswechsel in den USA — Folgen der neuen Präsidentschaft für die Wirtschaft
Mit der neuen Präsidentschaft in den USA sind Richtungswechsel auf verschiedenen Gebieten verbunden: Prominent ist dabei die Handelspolitik, die durch Strafzölle, aber auch durch die importbelastende Cashflow-...
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Discussion on “Mill and Ricardo: The Genesis of Comparative Advantage”
This chapter includes the discussion of the paper “Mill and Ricardo: The Genesis of Comparative Advantage” by Roy J. Ruffin (Chap. 9 of this book) and of the comme...
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Article
Nahles-Rente und Deutschland-Rente
Der Beitrag diskutiert das System der Betrieblichen Altersvorsorge in Deutschland und analysiert kritisch die Vorschläge des Bundesarbeitsministeriums (Nahles-Rente) und einiger hessischer Minister (Deutschlan...
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Policy deviations, uncertainty, and the European Court of Justice
The implementation of European Union directives into national law is at the discretion of member states. We analyze incentives for member states to deviate from these directives when the European Commission ma...
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Conti-Brown, Peter: The power and independence of the Federal Reserve
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Optimal Conservatism and Collective Monetary Policymaking under Uncertainty
We study how the optimal degree of conservatism relates to decision-making procedures in a Monetary Policy Committee (MPC). In our framework, central bank conservatism is required to attenuate the volatility o...
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Conflicts in Substance and Style in European Monetary Policy
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Convergence in the EU
The EU has long viewed economic and institutional convergence as important goals, but the results thus far have been decidedly mixed, and there remain several open questions: How exactly should convergence be ...
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Ein Schuldentilgungsfonds für Europa?
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