“...This paper analyzes the welfare costs of business cycles when workers face uninsurable job displacement risk. The paper uses a simple macroeconomic model with...”

“...Die zurzeit diskutierten Modelle eines Staatsfonds zur Altersvorsorge widersprechen den Grundsätzen guter Wirtschaftspolitik und führen zu ineffizienten...”

“...This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in...”

“...This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare...”

“...This paper develops a framework to study empirically the relationship between trade policy and individual income risk and to evaluate the associated welfare...”

“...This paper analyzes one-good exchange economies with two infinitely lived agents and incomplete markets. It is shown that there are no recursive (Markov)...”

“...In the recent discussion surrounding the design of a new international financial architecture, enhancing transparency has widely been proposed as a policy...”

“...In 2005 the German government implemented the so-called Hartz IV reform, which amounted to a complete overhaul of the German unemployment insurance system and...”

“...Der Koalitionsvertrag von Union und SPD enthält erste Schritte in Richtung einer Ausweitung der öffentlichen Investitionen in Bildung und Betreuung,...”