At the time, no bank possessed the resources to bail out Continental, so the federal government operated the bank for nearly a decade. Get a low rate on purchase, refinance and lease buyout loans Learn more.
He was a talented musician and became a student of Elly Ney at the Salzburger Mozarteum in In the spring of , after one and a half years in a radio operators squad, he escaped from captivity in Italy. He began to study Protestant theology and ancient languages in Tübingen , Germany, because only the theology faculty was still operational. He began studying economics in He received his diploma in , and a doctorate in for his thesis on The Relation of the Economy to the State German: Verhältnis der Wirtschaft zum Staat.
After two years as an assistant to Prof. Brinkmann in Tübingen, during which he finished his habilitation on Paradoxes of Monetary Economies ,  he got a research scholarship at the London School of Economics.
From he worked as vice head of the national economics department of the Berliner Bank. From worked as a research associate and later a department head for publications and special functions at the German Bundesbank German Federal Bank. A Contribution to the Theory of Money German: He focused on banking management and national economics with emphasis on money, currency and credit. Stützel became a member of the German Council of Economic Experts Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung in February , then resigned in September because he did not support the revaluation of the Deutsche Mark and his dissenting view was not accepted.
In the s, he became involved in the FDP , a small German liberal party, as a city counselor, parliamentary candidate, and member of several party boards on the national level. He taught for almost thirty years as a professor at Saarland University, refusing several job offers at other universities. In , Stützel suffered a stroke from which he did not recover. He committed suicide in He left three adult children. In his early years, Stützel adhered to Keynesian theories, as publisher of the papers by Wilhelm Lautenbach.
After the development of his Balances Mechanics of Economocs German: Aus der Finanzwissenschaft ist wohlbekannt , dass Steuerwettbewerb erstens eine zu tiefe durchschnittliche Besteuerung der besonders mobilen Steuerobjekte nach sich zieht und zweitens kleine Kantone gegenüber grossen bevorteilt. Als preisgesteuertes Mittel gegen die Erosion der Unternehmenssteuer im innerhelvetischen Wettbewerb hat der NFA somit durchaus eine ökonomische Berechtigung.
Zudem gilt es, neben den Anreizwirkungen die Verteilungswirkungen nicht aus den Augen zu verlieren. Die Unterschiede bezüglich der kantonalen Finanzkraft sind heute nämlich riesig. Die darin enthaltenen Gewinne der juristischen Personen umfassen eine noch grössere Spannbreite: Diese enorme Ungleichverteilung würde bei der Nichtberücksichtigung der Unternehmensgewinne im NFA überhaupt nicht mehr kompensiert. In einer neuen Studie zeigen wir auf, dass die beiden anstehenden Reformen zusammen betrachtet die interkantonalen Disparitäten noch leicht stärker reduzieren als das aktuelle System.
Dass dies erreicht wird bei einer gleichzeitigen Entschärfung der Anreizproblematik, zeugt von einem durchdachten und ausgewogenen Reformbündel. Your email address will not be published. Inke Nyborg considers the following as important: Ökonomen evakuieren heimlich ihre Familien!
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