"This time is different" is the title of a contentious book by Carmen M. Reinhart and Kenneth S. Rogoff (2011). For fully seven years, an accumulation of adverse effects has been grounding international businesses, countries and their politics, mostly in Europe. Some of the disastrous...

"This time is different" - so lautet der Titel des umstrittenen Buches von Carmen M. Reinhart und Kenneth S. Rogoff (2011). Eine Häufung von retardierenden Einflüssen lähmt nun schon sieben Jahre die internationale Wirtschaft, die Gesellschaft und die Politik vieler Länder, vor allem...

Faced with an economic slowdown, the Austria federal government implemented two economic stimulus packages in 2001 and 2002 respectively. These packages provide for additional public expenditure, most of which has been advanced by one or two years, particularly with regard to public...

One aim of the first phase of the tax reform coming into effect in 2004 is to strengthen the economic recovery. One of its elements is a tax relief granted for retained profits of non-incorporated firms to further the formation of equity capital. However, since small firms and firms with low...