Reflections on the curious contrast of public policies between Germany and the US: Real estate versus human capital
Aizenman, Joshua, Noy, Ilan. In the years leading up to the global crisis, the US focused on subsidising home ownership, whereas Germany placed much more emphasis on education and vocational training. While it is easy to think that this explains the subsequent performance of the two economies, this column provides some much needed economic analysis. Πηγή: […]