This book is the one of the first-if not the first one-to address aid effectiveness from a comparative economics perspective. Since the collapse of the Soviet Union and the transition of its republics to market structures and representative forms of government, the European Commission had...

Dieses Buch arbeitet die volkswirtschaftlichen Aspekte einer Europäischen Wirtschafts- und Währungsunion (EWWU) heraus. Im Zentrum stehen dabei die makroökonomischen Auswirkungen und die wirtschaftspolitisch-institutionellen Vorkehrungen. Die Perspektiven oder Chancen und Risiken einer EWWU...

This book is about the design of European research policy. It tells the story of how the 7th Framework Programme for Research and Development came to be and looks at its expected impacts. With its detailed analysis of the factors and actors, political constraints and opportunities, societal...

This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing...

This book analyses the causes and consequences of deflation. In contrast to the widespread believe that deflation would be harmful to the economy as a whole, the author argues that free market deflation is liberating and beneficial. Several myths of deflation are exposed and the reasons for the...

Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of...

The Handbook of Financial Econometrics and Statistics provides, in three volumes and over 100 chapters, a comprehensive overview of the primary methodologies in econometrics and statistics as applied to financial research. Including overviews of key concepts by the editors and in-depth...

This is the first book to report the details of the current status of interfirm relationships in Japan. Based on a unique data set of firms, the authors describe the characteristics of interfirm transactions in a manner unprecedented in the literature. Special emphasis is placed on the nature of...