This paper provides new insights about the existence of expansionary fiscal consolidations in the Economic and Monetary Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing fiscal consolidations based on the changes in the...

We study the effect of monetary surprise shocks on real output and the price level, conditioned on different fiscal sustainability regimes in the period 2001Q4-2021Q4. First, we estimate time-varying fiscal sustainability coefficients based on Bohn's (1998) approach through Schlicht's (2003)...

When President Trump came into office the US administration launched a detailed analysis of American trade relations. It aimed to identify "unfair trade practices" that are supposedly increasingly being used by other countries, and that are economically damaging to America. This study simulates...

Die Studie "Der Volkswirtschaftliche Schaden von Decoupling in Deutschland" berechnet Szenarien für das ganze Land und für die 400 Kreise. Betroffen sind besonders die großen Familienunternehmen. Für sie übertreffen die Vorteile der internationalen Arbeitsteilung bei weitem die Schmerzen...