The field of Economic Policy focuses on establishing a general framework for governmental economic activity. Furthermore, it investigates the consequences of government interventions into the market that aim at correcting the market outcome.
Embedded in this context the team at the Chair in Economic Policy analyzes government activity. The three core areas are Innovation, Economic Growth and Regional Development. In their research the team develops formal theoretical models and applies these models by means of simulations and empirical analyses to concrete economic problems. The objective is to derive policy recommendations that are based in theory.