The Austrian National bank funds Michael Pfarrhofer’s research project on “Inference with Bayesian nonparametric models in the presence of measurement errors and outliers” at the PLUS Department of Economics.

In our globalised world, every society, every individual is more networked than ever before. At the same time, we face many challenges in our society: The climate crisis, the pandemic and medical ethics, populism, international conflicts, digital platforms, etc. These cannot be overcome by individual states alone – a common European and international legal consensus is needed more than ever. Only if we gain a better understanding of the current and upcoming challenges can we fulfil our responsibilities as caretakers of society and nature. The Department of Legal Theory, International and European Law can make this possible.

Wealth in Austria is distributed more unequally than previously assumed and the pandemic is likely to further exacerbate the problem. Der Standard asks Hannes Winner about the potential consequences a wealth tax might have on economic performance and inequality.