For over a decade, The Wall Street Journal and The Heritage Foundation, Washington's preeminent think tank, have tracked the march of economic freedom around the world with the influential Index of Economic Freedom. Since 1995, the Index has brought Smith's theories about liberty, prosperity and...

In this paper we question the consensus of using a binary crisisdefinition for empirical crisis models. We believe that the most severeshortcomings of the crisis models today are in the crisis definition rather than the explanatory variables ...

Der vorliegende Arbeitsbericht ist die erste Fassung eines Konferenzbeitrages, der anläßlich des internationalen Symposiums „China: A New Growth Center in the World Economy“ vorgelegt wurde, das zwischen dem 11. und dem 13.07.1994 in Duisburg stattfand. Er wird in seiner endgültigen Fassung...

In recent policy debates some have argued that expansionary monetarypolicy in Japan can increase real output in Japan and in Japans neighbors,while others have warned that it is a beggar-thy-neighbor policy. In this paper weestimate structural vector autoregressions to assess the effects of...

In the late 80s and 90s economic science failed to forecast major systemic crises and collapses. The same may happen with the case of China. The paper develops an analytical frame of reference by applying the conceptual tools of the French regulation school ...

Die vielbeachtete Dynamik des wirtschaftlichen Wandels im ostasiatischen Raum stellt für die dortigen Länder nicht nur den erfreulichen Weg zum Wohlstand dar, sondern ist gerade durch die erreichte Geschwindigkeit eine immense Herausforderung an Flexibilität and Anpassungsfähigkeit der...