International and regional integration are accompanied by the fear that the reduction of trade barriers might change the spatial distribution of economic activity radically. In the past decade, the 'New Economic Geography' has developed as a theory explaining some of the forces which might...

This article reviews the discretionary fiscal policy in Germany during the economic crisis of 2008/2009. After discussing the arguments for and against a fiscal stabilization program, I discuss several features a reasonable program should have. Applying those criteria to the German fiscal...