Johann Wolfgang von Goethe (1749-1832), considered by some to be the greatest German writer, employed a number of sophisticated strategies in his dealings with publishers. None of them is as intriguing as the one appearing in Goethe's letter, dated January 16, 1797, to the publisher Vieweg...

The conditions under which European monetary policy is likely to be conducted are investigated by means of multi-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis identifies two stable long-run relationships within a...

The population of Germany will be one of the first in the western hemisphere to undergo considerable permanent shrinkage. The fact that these envisaged demographic developments will have a significant effect on the pensions, health and nursing care insurance systems, and will hence heavily...

This paper studies the current crisis in the German pension system and discusses the various reform proposals.