A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or ration credit supply, which can hamper entrepreneurship. Both aspects of a more forgiving personal...
Frank M. Fossen
Chicago, USA,
05.01.2012
- 08.01.2012| ASSA 2012: Allied Social Science Associations Annual Meeting
Anne Schopp
Berlin,
14.12.2011
| Zukunft der Struktur- und Kohäsionspolitik - Möglichkieten für eine Integration der europäischen Energie- und Klimaschutzziele in die gemeinsame Struktur- und Kohäsionspolitik: BMU Workshop
Survey-based indicators are widely seen as leading indicators for economic activity. As such the consumer confidence might be informative for the future path of private consumption. Although the indicators receive high attention in the media, their forecasting power often appears to be very limited. This paper takes a fresh look on the data that serve as a basis for the consumer confidence...
Christian Dreger, Konstantin A. Kholodilin
Halle a. d. Saale,
13.12.2011
- 14.12.2011| Recent Developments in Macroeconometrics: 12th IWH-CIREQ Macroeconometric Workshop
Markus M. Grabka
Berlin,
12.12.2011
| Ausschuss Arbeit und Soziales des Deutschen Bundestags: Anhörung zur Vorbereitung des 4. Armuts- und Reichtumsbericht