This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...

Das am 26. März 1995 in Kraft gesetzte Schengener Abkommen hat einen Europäischen Binnenraum der Personenfreizügigkeit geschaffen und damit ein beispielloses kontinentales Integrationsziel erreicht. Die Bedrohung durch globalen Terrorismus sowie ein starker Anstieg der Flüchtlingszahlen in...

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...

Das ifo Institut hat im Auftrag des Bundesministeriums für Wirtschaft und Technologie die vorliegende Evaluierungsstudie zu den Dimensionen und Auswirkungen eines Freihandelsabkommen zwischen der EU und den USA durchgeführt. Die Studie zeigt, dass ein tiefgreifendes Handelsabkommen...

On 9 december 2016, the upper house of Japan's parliament approved the Trans-Pacific Partnership (TPP). Prime Minister Shinzo Abe has pushed for the TPP's ratification despite US President Trump's decision to pull out the deal, insisting it would send a signal about Japan's continuing support to...

Since June 2007, the EU and India have been negotiating a comprehensive free trade agreement, but negotiations broke down in 2013. Nevertheless, both sides have expressed their desire to revive talks on the Broad-based Trade and Investment Agreement (BTIA). To quantify potential economic...