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"Economic possibilities for our grandchildren" 75 years after: a global perspective

In the heart of the Great Crisis, amidst great uncertainty and concerns surrounding the future of capitalism, John Maynard Keynes launched his optimistic prophecy that growth and technological change would allow mankind to solve its economic problem within a century. He envisioned a world where people would work much less and be less oppressed by the satisfaction of material needs....

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English / 01/09/2008

The cyclical behavior of equilibrium unemployment and vacancies revisited

Recently, a number of authors have argued that the standard search model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies, given shocks of a plausible magnitude. We propose a new calibration strategy of the standard model that uses data on the cost of vacancy creation and cyclicality of wages to identify the two key parameters - the...

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English / 01/09/2008

Theorie und Praxis: «Grau ... ist alle Theorie»

Gedanken aus der Abschiedsvorlesung zum Thema «Geld und Geist – oder: Von Mäusen und Menschen», gehalten am 22. Mai 2008 an der Universität Zürich.

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Deutsch / 01/09/2008

Ressourcenkonflikte – unvermeidlich oder vermeidbar?

Führt Ressourcenknappheit, das Monatsthema dieser Ausgabe, zu Ressourcenkonflikten, wie oft behauptet wird? Länder mit Erdölvorkommen – global gesehen eine knappe Ressource – weisen tatsächlich ein erhöhtes Kriegsrisiko auf. Andererseits ist Wassernutzung nur selten mit Kriegen verbunden und führt mehrheitlich zu kooperativen Lösungen. Vertieft man sich in die Zusammenhänge zwischen...

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Deutsch / 01/09/2008

Fronto-temporal interactions during overt verbal initiation and suppression

The Hayling Sentence Completion Task (HSCT) is known to
activate left hemisphere frontal and temporal language regions. However, the effective connectivity between frontal and temporal language regions associated with the task has yet to be examined. The aims of the study were to examine activation and effective connectivity during the HSCT using a functional magnetic resonance...

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English / 01/09/2008

Idiosyncratic Consumption Risk and Predictability of the Carry Trade Premium: Euro Area Evidence

The empirical failure of the uncovered interest rate parity condition seems to be the reflection of risk premia on foreign currencies. After the formation of foreign currency portfolios according to interest rate differentials or forward discounts, recent studies suggest that either consumption- or currency return-based pricing factors explain the cross-section of foreign currency...

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English / 01/09/2008

Benediktinerabteien aus ökonomischer Sicht. Über die ausserordentliche Stabilität einer besonderen Institution

Die Benediktinerklöster weisen im Vergleich zu anderen Institutionen eine ungewöhnlich lange Lebensdauer auf. Unsere empirische Untersuchung aller je existierenden Benediktinerabteien in Bayern, Baden-Württemberg und der Deutschschweiz zeigt, dass ein durchschnittliches Kloster fast 500 Jahren alt wird. Kombiniert mit dem Befund, dass nur rund ein Viertel der Klosterschliessungen auf...

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English / 01/09/2008

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural experiment do provide behavioural evidence which is rare in such a controlled and life...

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English / 01/09/2008

Why does the amount of income redistribution differ between United States and Europe? The Janus face of Switzerland

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence about the relative merits of competing hypotheses. It tips the balance against the...

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English / 01/09/2008

Modality-independent processes in cued motor preparation revealed by cortical potentials

We used event-related potentials (ERPs) in a crossmodal stimulus-response compatibility paradigm to identify modality-independent aspects of rule processing and cued response facilitation. Participants responded to a lateralized target with the ipsilateral (compatible) or contralateral (incompatible) hand. Cue-target modality and cue-target order were manipulated. The cue preceded...

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English / 01/09/2008

Industry churning and the evolution of cities: Evidence for Germany

In this paper we show that the recent model by Gilles Duranton [Duranton, G., 2007. Urban evolutions: The fast, the slow, and the still. American Economic Review 97, 197-221] performs remarkably well in replicating the city size distribution of West Germany, much better than the simple rank-size rule known as Zipf's law. The main mechanism of this theoretical framework is the...

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English / 01/09/2008

Kundenakquisition und -pflege - die Kritik

Anbieter müssen Kunden gewinnen und halten, um erfolgreich zu sein. Das bemerkte Peter Drucker bereits vor Jahrzehnten. Kundenakquisition und -bindung bleiben zusammen mit der Leistungsinnovation und -pflege die Kernaufgabe des Marketing und des Vertriebs.

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Deutsch / 01/09/2008

Organising a multi-stakeholder process - Creating a paradoxical collaborative identity

Within this study multi-stakeholder collaboration is presented as new form of relational organising in response to a crisis of governance in the international environmental politics arena. As a form of societal collaboration, multi-stakeholder processes aim for societal change within the contested field of sustainable development. Multi-stakeholder collaboration is modelled as the...

English / 01/09/2008

"Der Staat sollte Gründern bessere Bedingungen bieten"

Das Forschungsprojekt "Global Entrepreneurship Monitor" (GEM) vergleicht jedes Jahr Gründungsaktivitäten in 42 Ländern. Seit 2001 arbeitet Heiko Bergmann vom Schweizerischen Institut für Klein- und Mittelunternehmen an der Universität St. Gallen mit an der Studie und kennt die Unterschiede zwischen Deutschland und der Schweiz

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Deutsch / 01/09/2008

A stakeholder perspective to family firm performance

Through the lens of stakeholder theory this text deepens our understanding of financial and nonfinancial performance outcomes in family firms across multiple stakeholder categories, including the family level of analysis. Based on this foundation, we develop a typology of performance relationships between performance outcomes: overlapping, causal, synergistic, and substitutional. We...

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English / 01/09/2008

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