Im vergangenen Jahr wies Deutschland mit 2,7% die mit Abstand größte Defizitquote in der EU auf. Vor diesem Hintergrund empfahl die EU-Kommission, dass der Ecofin-Rat im Rahmen des Haushaltsüberwachungsverfahrens eine Frühwarnung aussprechen sollte. Da sich die Bundesregierung daraufhin...

What Should We Have Done? -- Towards an Evaluation of the Costs and Benefits of a (Dis-)Inflationary Policy in the Federal Republic of Germany -- Price and Quantity Variability under Stagflation -- The Contributions of Business Cycle Theories to the Explanation of the Actual Economic Slowdown --...

I. Introduction -- 1. Inflation in Small Countries -- II. The Scandinavian Model -- 2. Inflation in Open Economies: Supply-determined versus Demand-determined models -- 3. Why Inflation Rates Differ: A Critical Examination of the Structural Hypothesis -- III. Monetarist Inflation Models -- 4. An...

Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence. From the Russian crisis in 1998 to the great recession in 2009 Estonia gained an impressive 20% in GDP per capita relative to the EU27 average in PPPs. Like the other...

The highly regarded Austrian health system delivers good quality and easily accessible services, but is costly. Its governance and funding structure is highly fragmented and it makes too much use of inpatient care in hospitals. Entry and competition opportunities are de facto limited in most...

The surge in the German current account surplus in the 2000s is often interpreted as the result of efficiency-enhancing structural reforms, especially in the labor market. However, this interpretation is puzzling because the growth rate of the German economy has been one of the lowest in the...