Abstract The current paper deals with the labour market effects of European Monetary Union (EMU). We compare the EU-memberstates’ susceptibility to asymmetric shocks and their labour market flexibility under status quo conditions. The findings are related to the question which countries are -...

Abstract In Germany the legal planning and approval processes for airport expansion projects are heavily politicized, and legal disputes take years to resolve. Thus, doubts arise about the rationality, not only of specific approval decisions but also of the institutional setting within which...