nep-ger New Economics Papers
on German Papers
Issue of 2014‒08‒20
seven papers chosen by
Roberto Cruccolini
Ludwig-Maximilians-Universität München

  1. Gutes und bezahlbares Wohnen? - Beim Bestellerprinzip für Makler wird die Rechnung ohne den Wirt gemacht By Jonathan Öztunc; Steffen Roth
  2. Neujahrsvorsätze für die GroKo By Oliver Arentz;
  3. Euro-Schuldendebakel: Die ordnungspolitische Lektion lernen By Juergen B. Donges;
  4. Klimaschutz technologieneutral gestalten! By Adrian Amelung;
  5. Social Impact Bonds als innovatives Finanzierungsinstrument für öffentliche Aufgaben By Adolph, C.; Schiereck, D.
  6. Regionale Verteilungswirkungen des Erneuerbare-Energien-Gesetzes By Growitsch, Christian; Meier, Helena; Schleich, Sebastian
  7. Böhm-Bawerk und die Anfänge der monetären Zinstheorie By Peter Spahn

  1. By: Jonathan Öztunc; Steffen Roth
    Date: 2014–04
  2. By: Oliver Arentz;
    Date: 2014–01
  3. By: Juergen B. Donges;
    Date: 2014–06
  4. By: Adrian Amelung;
    Date: 2014–02
  5. By: Adolph, C.; Schiereck, D.
    Date: 2013
  6. By: Growitsch, Christian (Energiewirtschaftliches Institut an der Universitaet zu Koeln); Meier, Helena (Energiewirtschaftliches Institut an der Universitaet zu Koeln); Schleich, Sebastian (Energiewirtschaftliches Institut an der Universitaet zu Koeln)
    Abstract: The promotion of renewable energies in Germany by the Erneuerbare Energien Gesetz (EEG, Renewable Energy Act) leads to various distributional effects.
    Date: 2014–08–12
  7. By: Peter Spahn
    Abstract: Böhm-Bawerk defines the rate of interest as the ratio of intertemporal goods prices, but cannot show the emergence of interest as a financial market price. The alleged efficiency ofroundabout production methods is ill-suited to derive a uniform rate of return of capital. Time preference may affect the allocation of income flows and the decision to build up individual wealth, but credit supply follows from a portfolio decision on the structure of the stock of assets. Here, liquidity preference and monetary policy operations have a decisive influence, whereas changes of productivity and time preference are poor predictors of even the sign of market interest changes. A 'natural' rate of interest, determined by 'deep' parameters of capital, production and time, does not exist; it turns out to be a mere estimated value of the bank rate, as a proxy for goods market equilibrium conditions.
    Keywords: interest rate theory, capital goods and capital value, time preference, liquidity preference
    JEL: B13 E43
    Date: 2014–04

This nep-ger issue is ©2014 by Roberto Cruccolini. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.