The quarterly International Economic Trends is a compilation of data on the G-7 countries and the euro area, including output, inflation, labor markets, interest rates, government budgets, international trade, and more. A brief essay in each issue covers a topic relevant to international economics.

In practice, central banks have been confronted with a trade-off between stabilising inflation and output when dealing with rising oil prices. This contrasts with the result in the standard New Keynesian model that ensuring complete price stability is the optimal thing to do, even when an oil...

While consumption habits have been utilised as a means of generating a hump shapedoutput response to monetary policy shocks in sticky-price New Keynesian economies,there is relatively little analysis of the impact of habits (particularly, external habits) onoptimal policy. In this paper we...

This paper discusses various ways of measuring corporate internationalisation. The concepts considered here became of crucial importance in the recent debate on globalisation, since many scholars link globalisation to a quantitative increase in the international activities of firms.(...)

In the debate on globalization it is often argued that multinational corporations (MNCs) have gained increasing power due to their growth and due to new global or transnational structures and strategies.(...)

Die zehn der Europäischen Union 2004 beigetretenen Mitgliedsländer werden nach einer nominalen Konvergenz und der Erfüllung der Konvergenzkriterien von Maastricht der Europäischen Währungsunion beitreten. Um ein hohes Maß an Konvergenz zu erreichen, verfolgen die neuen Mitgliedsländer...