Debt-to-GDP ratios have grown to unprecedented levels in many industrialised economies. To combat this threat, the authors call for a global debt brake following the Swiss or German example. The debt brakes should be incorporated into national constitutions and monitored by independent...

In recent years, population economics has become increasingly popular in both economic and policy analysis. For the inquiry into the long term development of an economy, the interaction between demographic change and economic activity cannot be neglected without omitting major aspects of the...