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 subjects of doping and corruption in the Olympic family and the fight against them have until now largely been matters of sporting politics and jurisprudence. This contribution emphasizes that (a) both problems have a high degree of economic determination and(b) economics can offer efficient...

Construction of large sports stadiums follows two different general concepts: (a) monofunctional arenas that are specially suited for one sport exclusively and that are characterized by the absence of an athletic track and (b) multifunctional sports stadiums that can be used for different...

A recent study finds that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. The authors challenge these empirical findings...

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