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 ...

During the last two decades West Bengal has led the rest of the country with regard to agricultural performance andimplementation of panchayat institutions. But these developments have begun to level out. At the same time the state hasfallen behind in other sectors – industry, higher education...

We use a two-country model with a central bank maximizing union-wide welfareand two fiscal authorities minimizing comparable, but slightly differentcountry-wide losses. We analyze the rivalry between the three authorities inseven static games. Comparing a homogeneous with a heterogeneous...

Die demografische Entwicklung wird mittel- bis langfristig zu nachhaltigen Veränderungen in Wirtschaft und Gesellschaft führen. Die Alterung und Schrumpfung der Bevölkerung in Deutschland werden sich sowohl auf die Güternachfrage als auch auf die Verfügbarkeit und Preise von...