In my paper on "The financial system and its significance for the development and growth of innovative SMEs in the regional context" (presented at the ersa97 conference) I investigated the process of financing innovative SMEs during their different phases of development and the impact financial...

This paper calculates structural balances for EU-countries and relates them to fiscal sustainability. Although the Stability Pact implicitly accepts the need to distinguish between the structural and the cyclical component of net deficits, the issue of long-term sustainability is only covered by...