Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...

Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of co-operation between unions and monetary authorities: In an economy with endogenous money as EMU, wage setters are responsible for price stability while...

Vadim Kufenko provides a theoretical and empirical analysis of various aspects of economic growth and income inequality in the Russian regions using different estimation techniques from the cross-section OLS and logistic models to dynamic panel data system GMM. The general period for the data is...

Introduction. And yet the Twain Meet: Great Convergence brings the East closer to the West -- Great Divergence and the Rise of the West -- Great Convergence and the Rise of the Rest -- The Great Convergence and Globalization: How the Former Colo-nies Became the World Economic Locomotives --...

The economic, political and social situation in Chile shows a country in transition. Some observers anticipate a broad “reboot” of the nation. While Chile is still seen by many as an example of progress in South America and of developmental potential in the global South, it faces a complex...

National economic planning aims at defining strategic economic objectives and priorities for a country and designing longer term policies and institutional frameworks to achieve them. Complemented in some cases by industrial policies, economic planning is a dynamic attempt to change the...

This book is open access under a CC BY license. This book explores if and how Russian policies towards the Far East region of the country - and East Asia more broadly - have changed since the onset of the Ukraine crisis and Russia’s annexation of Crimea. Following the 2014 annexation and the...

Chapter 1 Entering the Green Industrial Revolution -- Chapter 2 The Theory of Green Development -- Chapter 3 Global Ecological Crisis -- Chapter 4 Green Developments in China -- Chapter 5 Green Development Plan -- Chapter 6 Local Green Practice -- Chapter 7 Green Enterprise Innovation -- Chapter...

Chapter 1: Editors’ Introduction -- Part I: Expert Overviews -- Chapter 2: Developing Meaningful Composite Environmental Indices with DEA -- Chapter 3: Modelling the Generation of Pollutants in Environmental Economics -- Chapter 4: Environmental Productivity Growth in Consumer Durables -- Part...

National economies are linked through flows of capital and goods. This book addresses those linkages, analyzes their benefits for economic development, and evaluates a country’s opportunities to reap the best possible rewards by influencing the linkages. The book focuses on the role of product...