European climate policy was traditionally pursued in the expectation of global policy convergence, ensuring equal opportunities for domestic and foreign firms in achieving climate neutrality. However, increasing geopolitical fragmentation has disrupted this expectation. Across the globe, national strategies increasingly favor economic policies that benefit domestic industries and coercive economic ...
We examine the additivity of expectations over different time intervals. For example, when asked about 10-year stock price growth, survey respondents report an expected change that is not equal to, but closer to zero than, the sum of their expectations over two shorter time intervals that cover the same 10 years. Such subadditivity, which we also find in expectations for other economic variables, is ...
Die deutsche Wirtschaft ist nach drei schwachen Jahren auf Erholungskurs. Belastungen durch den Iran-Krieg und die erratische US-Handelspolitik bremsen die Dynamik zwar, jedoch nur moderat. Der Oberste Gerichtshof in den USA hat zwar die Rechtswidrigkeit der US-Zölle festgestellt – das ändert aber aufgrund des annahmegemäßen Fortbestehens des Abkommens mit der Europäischen Union nichts an den Zollsätzen, ...
