(together with Claudia M. Buch), in: Nowotny, E, Ritzberger-Grünwald, D., Backé, P.: Financial Cycles and the Real Economy. Lessons for CESEE Countries, Edward Elgar, 2014 (and: IWH Discussion Paper 8/2014) Abstract: The economic and financial crisis that emerged in 2008 …

Do We Need New Modelling Approaches in Macroeconomics? Read more »

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(together with Steven Devaney and Rainer Schulz), IWH Discussion Paper 15/2012 Abstract: Informationally efficient prices are a necessary requirement for optimal resource allocation in the real estate market. Prices are informationally efficient if they reflect buildings’ benefit to marginal buyers, …

Efficiency in the UK Commercial Property Market: A Long-run Perspective Read more »

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