This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...

Living costs in Germany have surged since Russia's attack on Ukraine. In this article, we discuss pros and cons of different government policies to protect affected citizens. There is a vast domain of possible relief options, each coming with its own trade-offs and design pitfalls. Information...

Europa leidet noch immer unter einer erdrückenden Schuldenlast. Sieben Jahre nach Beginn der Finanz- und Wirtschaftskrise ringen daher zahlreiche Mitgliedstaaten der Europäischen Union um ihren fiskalpolitischen Kurs. Auf der einen Seite steht die Forderung, den begonnenen, an Strukturreformen...