Der internationale Wettbewerb in der Wissenschaft wird sich in Zukunft weiter verschärfen. Zur Förderung des wissenschaftlichen Nachwuchses in Deutschland plädiert Prof. Dr.Klaus Landfried, Präsident der Hochschulrektorenkonferenz, für eine ausgewogene Mischung zwischen Marktorientierung...

Over the past three years, as the euro area has struggled with high levels of sovereign debt, it has been gradually developing into a debt union. However, this is not a sustainable arrangement. This article proposes two alternatives to a debt union: a fiscal union and a monetary union with...

Political debates over the fiscal framework of the European Monetary Union have focused on two issues, dealing with asymmetric shocks and maintaining a high degree of fiscal discipline. After reviewing the development of the EMU fiscal framework, we argue that transfers dealing with asymmetric...