Lehrstuhl für Nationalökonomie und Finanzwissenschaft (Prof. Fuest)




Die Mitarbeiter des Lehrstuhls beschäftigen sich mit finanzwissenschaftlichen und wirtschaftspolitischen Fragen. Die Rolle des Staates – seine Möglichkeiten und Grenzen – steht dabei im Mittelpunkt der Forschung.

Ziel ist die Analyse grundlegender Aspekte wie auch aktueller Themen (Wirtschaftskrise, Umweltpolitik,…), um daraus Politikimplikationen abzuleiten.

Wissenschaftliche Veröfentlichungen von Clemens Fuest

(alle Veröffentlichungen auf der CESifo Homepage)

Aufsätze in referierten Fachzeitschriften (Auswahl)

A Viable Insolvency Procedure for Sovereigns in the Euro Area
, Clemens Fuest (zusammen mit Friedrich Heinemann und Christoph Schröder), Journal of Common Market Studies 54 (2), 2016, 301-317

The Economic Effects of EU Tax Jurisprudence, Clemens Fuest (zusammen mit Rita de la Feria), European Law Review (1), 2016.

The taxation of foreign profits: A unified view, Clemens Fuest (zusammen mit Michael P. Devereux und Ben Lockwood), Journal of Public Economics 125, 2015, 83-97

With Which Countries do tax Havens Share Information?, Clemens Fuest (zusammen mit Katarzyna A. Bilicka), International Tax and Public Finance 21(2), 2014, 175-197

Fiscal Union in Europe? Redistributive and Stabilising Effects of a European Tax-Benefit System and Fiscal Equalisation Mechanism, Clemens Fuest (zusammen mit Olivier Bargain, Mathias Dolls, Dirk Neumann, Andreas Peichl, Nico Pestel und Sebastian Siegloch), Economic Policy 28(75), 2013, 375-422.

Corporate Tax Effects on the Quantity and Quality of FDI, Clemens Fuest (zusammen mit Johannes Becker und Nadine Riedel), European Economic Review 56, 2012, 1495-1511.

Automatic Stabilizers and Economic Crisis: US vs. Europe, Clemens Fuest (zusammen mit Mathias Dolls und Andreas Peichl), Journal of Public Economics 96 (3-4), 2012, 279-294


Publizierte Beiträge in wissenschaftlichen Zeitschriften mit Gutachterverfahren (refereed journals) von LS-Mitarbeitern:

  • The year of the cat: Taxing nuclear risk with the help of capital markets, Eberl, Jakob and Jus, Darko (2012), Energy Policy 51, S. 364-73

    Abstract: This paper proposes new regulation for nuclear power reactors aimed at increasing their safety. We begin by describing how limited liability leads to risk-loving behaviour in nuclear power companies and unsafe nuclear power reactors. By reviewing current regulatory regimes, we show that this issue is not being sufficiently addressed today. Therefore, we evaluate five regulatory instruments: (1) safety regulation, (2) minimum equity requirements, (3) mandatory insurance, (4) risk-sharing pools, and (5) catastrophe bonds. We conclude that any of these instruments either cannot be recommended in its pure form or is infeasible in reality. We therefore propose a new approach that, in its core, consists of a two-stage procedure. In the first stage, capital markets assess the risk stemming from each nuclear reactor via catastrophe bonds. In the second step, the regulator uses this private risk assessment and intervenes by charging an actuarially fair premium in the form of a Pigouvian risk tax. Society ultimately acts as an explicit insurer for nuclear risk and is, on average, fairly compensated for the risk it is taking over.


Discussion Papers,  Forschungsprojekte von LS-Mitarbeitern:

  • ECB Collateral Criteria: A Narrative Database 2001-2013, Christopher Weber joint with Jakob Eberl, 2014, Ifo Working Paper 174
  • Quality Effects of ECB Collateral Policy, Christopher Weber joint with Jakob Eberl, 2014, mimeo
  • A Systematic Investigation of ECB Haircut Policy, Christopher Weber joint with Jakob Eberl, 2014, mimeo
  • Country Rescues: Official Lending and Private Sector Involvement in Crises, Christopher Weber, 2013, mimeo
  • The Political Economy of Public Debt and Social Security: Repayment in Times of Fiscal Distress, Jakob Eberl, 2013, mimeo
  • Disincentives for Governments in a Monetary Union, Christopher Weber joint with Nadjeschda Arnold, 2012, mimeo
  • Incentives for Internal versus External Sovereign Debt, Christopher Weber joint with Nadjeschda Arnold, 2012, mimeo