1. Introduction: The journey begins -- 2. Central and Eastern Europe: A brief history of trade between 1945-1989 -- 3. The Fall of the “Iron Curtain”: Can the Central and East European Countries (CEECs) Face the Challenge of Trade-Restructuring and Integration? -- 4. CEECs and EU in Trade...

This book identifies the key sources of growth that have played a significant role in Africa's recent robust growth as well as its efforts towards economic transformation. The chapters assess to what extent the existing macroeconomic frameworks among African countries have been streamlined to...

This book examines how Indonesia, Malaysia, the Philippines, Thailand and Vietnam can provide instructive case studies of how Southeast Asia has negotiated pathways of development beyond crises and traps. At two ends of just one decade, 1997-2007, these five countries all weathered the shocks of...

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...

Globalization, Specialization and Innovation Dynamics.- Savings, Investment and Growth: New Approaches for Macroeconomic Modeling -- Economic Integration, Technological Progress and Growth -- Impact of the Real Exchange Rate on Trade, Structural Change and Growth -- Macroeconomic Aspects of...

This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the solution of multi-regional and multi-sectoral...

This study contributes to the economic discounting debate by examining the welfare and policy implications of distorted time preferences for private investments. The analysis is applied to the energy industry, where it is of particular importance. In the transition to low-carbon energy...