TY - CHAP A1 - Schwaneck, Stefan A1 - Glos, Michael A1 - Bofinger, Peter A1 - Straubhaar, Thomas A1 - Haase, Axel A1 - Pinkwart, Andreas A1 - Kunze, Mario A1 - Österle, Irene A1 - Seubert, Marc A1 - Nowak, Matthias A1 - Rosen, Holga A1 - Steinle, Andreas A1 - Schorr, Leander A1 - Fichtner, Caroline A1 - Fischl, Bernd A1 - Wittrock, Max A1 - Günther, Niclas A1 - Roth, Isabelle A1 - Verburg, Erik A1 - Sextl, Gerhard A1 - Heitmüller, Lars A1 - Müller, Norman A1 - Frashek, André A1 - Stetter, Ulrich T1 - Innovationen – Performancetreiber und nachhaltiger Wirtschaftsmotor in Deutschland? Festschrift zum 5. Würzburger Wirtschaftssymposium N2 - 5. Würzburger Wirtschaftssymposium, 20.11.2008 Deutsche Erfindungen verändern die Welt - heute wie vor 500 Jahren. Von Buchdruck, über Dieselmotor, Glühbirne bis hin zu Airbag, Aspirin, Dübel, Fernseher und mp3-Format. Alleine dieser bescheidene Überblick des Phänomens “Made in Germany” lässt den Betrachter die Bedeutung und das Potenzial von Innovationen am Standort Deutschland schnell erkennen. Experten aus Wirtschaft, Politik und Gesellschaft setzten sich am 20.11.2008 unter der Leitfrage: “Innovationen – Performancetreiber und nachhaltiger Wirtschaftsmotor in Deutschland?” mit der Bedeutung von Innovationen für den Standort Deutschland auseinander. Die Festschrift rundet - neben Interviews mit und Gastbeiträgen von Referenten der Veranstaltung - das 5. Würzburger Wirtschaftssymposium mit Stellungnahmen und Beiträgen renommierter Experten ab. Zu Wort kommen dabei Jungunternehmer ebenso wie Wissenschaftler der Universität Würzburg und Vertreter externer Organisationen. KW - Innovationsforschung KW - Innovationsmanagement KW - Innovationspotenzial KW - Sozialinnovation KW - Produktinnovation KW - Technische Innovation KW - Würzburg KW - Wirtschaft KW - Partner für Innovation KW - Entrepreneurship KW - Universität KW - economics KW - innovation KW - entrepreneurship Y1 - 2008 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bvb:20-opus-53559 SN - 978-3-923959-58-7 ER - TY - RPRT A1 - Bofinger, Peter A1 - Haas, Thomas T1 - R-Star: A new approach to estimate the polar star of monetary policy N2 - The necessary adjustments to prominent measures of the neutral rate of interest following the COVID pandemic sparked a wide-ranging debate on the measurement and usefulness of r-star. Due to high uncertainty about relevant determinants, trend patterns and the correct estimation method, we propose in this paper a simple alternative approach derived from a standard macro model. Starting from a loss function, neutral periods can be determined in which a neutral real interest rate is observable. Using these values, a medium-term trend for a neutral interest rate can be determined. An application to the USA shows that our simple calculation of a neutral interest rate delivers comparable results to existing studies. A Taylor rule based on our neutral interest rate also does a fairly good job of explaining US monetary policy over the past 60 years. T3 - Würzburg Economic Papers (W. E. P.) - 106 KW - Zins KW - Neutral rate of interest KW - Geldpolitik KW - equilibrium real interest rate KW - monetary policy rules Y1 - 2023 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bvb:20-opus-327394 ER - TY - RPRT A1 - Bofinger, Peter A1 - Geißendörfer, Lisa A1 - Haas, Thomas A1 - Mayer, Fabian T1 - Credit as an Instrument for Growth: A Monetary Explanation of the Chinese Growth Story N2 - This study describes the Chinese growth model over the past 40 years. We show that China's growth model, with its dominant role of the banking system and "the banker", is a perfect illustration of the necessity and power of Schumpeter's "monetary analysis". This approach has allowed us to elaborate theoretically and empirically the uniqueness of the Chinese model. In our empirical analysis, we use a new dataset of Chinese provincial data to analyze the impact of the financial system, especially banks, on Chinese economic development. We also empirically assess the role of the financial system in Chinese industrial policy and provide case studies of the effects of industrial policy in specific sectors. Finally, we also discuss macroeconomic dimensions of the Chinese growth process and lessons that can be drawn from the Chinese experience for other countries. T3 - Würzburg Economic Papers (W. E. P.) - 107 KW - Industriepolitik KW - Bank-led Growth KW - China KW - Wirtschaftswachstum KW - Wirtschaftsentwicklung KW - Industrial Policy KW - China KW - Strategic Emerging Industries KW - Finance-growth nexus KW - Finance KW - Economic growth KW - Economic development KW - Bank credit Y1 - 2023 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bvb:20-opus-328804 ER -