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Artificial intelligence has the potential to revolutionise economic research”: ten questions for ChatGPT
(2023)KOF BulletinThis article is a collaboration between man and machine. We conducted an interview with the ChatGPT voice software on economics, business cycle research and politics. KOF innovation researcher Mathias Beck and KOF co-director Hans Gersbach rank the quality of ChatGPT’s responses and its potential below.Other Publication -
Eine weitere disinflationäre Kraft verschwindet: Die Verschärfung der Eigenkapitalregulierung
(2021)ÖkonomenstimmeWarum wuchs die breite Geldmenge mit einer viel geringeren Rate als die Geldbasis? Dieser Beitrag beleuchtet die restriktive Wirkung der Banken-Eigenkapitalanforderungen auf die Inflation und geht der Frage nach, weshalb diese bald an Bedeutung verlieren dürfteOther Publication -
Nachhaltigkeit in der sozialen Sicherung über 2030 hinaus
(2016)ÖkonomenstimmeDie soziale Sicherung in Deutschland ist nicht nachhaltig finanziert. Dieser Beitrag schlägt deshalb ein Paket von Reformvorschlägen vor, das die soziale Sicherung wieder zukunftsfähig macht.Other Publication -
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Raising the Bar for Incumbents
(2012)VOX CEPR's Policy PortalIncumbent politicians have a host of advantages in US elections; members of the US Congress are typically re-elected about 90% of the time. This column argues that such a head start can often be bad for the country, with leaders focusing on short-term populist policies rather than the greater good. It suggests raising the bar for incumbent candidates.Other Publication -
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Money and Banking - Realigned Efficiently
(2011)Current macroeconomic policymaking suffers from an inadequate range of instruments and the absence of a comprehensive assignment of responsibilities. This column introduces a new CEPR Policy Insight designed to remedy these shortcomings. It proposes a framework for monetary, macroprudential, and microprudential policies.Other Publication -
“Triple-knot” fiscal safety for the Eurozone
(2011)VOX CEPR's Policy PortalMany economists are calling for new rules in European governance to put a stop to the Eurozone crisis, with some going so far as to suggest steps towards political union. This column outlines an institutional framework – a proposal the author calls “Reciprocal Parliamentary Approval” – that may help to restore the fiscal stability many see as vital to the survival of Europe’s single currency without states surrendering their sovereignty.Other Publication