This paper documents time variation in fiscal policy multipliers in Germany, the UK and the US over the period 1971–2009. The analysis is based on a quarterly vector autoregression (VAR) model. For the German and the UK cases, the VAR is augmented by “global factors” representing...

The article focuses on the most important aspects of Competition Policy as a guarantor of an undistorted Single Market and on the harmonization of Romania’s legislation regarding Competition to the European coresponding acquis. Furthermore, for a better understanding of the mechanisms involved...

Globalization is a reality, and a degree of its expansion and deapth of its penetration into the social layers and economic life are different in various parts of the world. This paper deals with global economy and changes that ocurre in international business. For that reason, it is necessary...

The global financial crisis that erupted in 2008 has had enormous implications for the composition of the state-owned enterprise (SOE) sector in many advanced economies around the world. The crisis resulted in the nationalization of financial institutions in a number of economies, but has also...

In this study, we explore the sincerity of the rhetorical tone of 664 annual letters to shareholders (CEO letters). Prior studies adopt Impression Management theory to predict that firms obfuscate failures and emphasize successes to unfairly enhance their image and maintain organizational...

H22, H55, C15 </AbstractSection> Copyright O'Donoghue et al.; licensee Springer. 2013

The article deals with the influence of the global crisis on the Russian foreign economic relations and their effects on the national economy. The crisis has made it evident that it is necessary to change the character of Russia’s participation in the world division of labor. Russian export...

In this paper we discuss three issues which the CGIL New Labour Plan (NLP) arises and are worthily to be stressed. The first issue is general, and regards the European context in which the Plan is placed, and in particular in the present European economic crisis in which austerity policy is...

Small and medium sized agro-enterprises can play a critical role in creating rural income and employment opportunities, through the demand they create for raw material supplies, such as milk. In addition, small and medium sized enterprises are responsible for generating a significant share of...