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Debt-to-GDP ratios have grown to unprecedented levels in many industrialised economies. To combat this threat, the authors call for a global debt brake following the Swiss or German example. The debt brakes should be incorporated into national constitutions and monitored by independent...
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While the case for Spanish and Portuguese EC membership is largely political, for membership to be a political success … applications were made, negotiations have not been concluded and that the target date of membership by January 1, 1984, will not be … met. What will be the impact of EC membership on the applicants' economies? …
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It has been quite obvious for several years already that the attempts to achieve the aim of price stability are running into the greatest difficulties. While the rates of inflation are escalating in almost all countries, it is becoming increasingly clear at the same time that the authorities...
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