The Welsh economy has undergone rapid structural change in recent years.This paper uses data from the New Earnings Survey to examine how earnings in Waleschanged relative to those of Great Britain between 1975 and 1994. There are five mainfindings. First, earnings of workers in Wales have...

[...]This exercise is meant to give a quantitativeimpression of whether the interaction between inflationand short-term interest rates exhibits a pattern of behaviorafter the adoption of the inflation target that differsmarkedly from the pattern before.2 The unconditional forecastof each...

Schon wenige Monate nach dem Fall der Berliner Mauer versprach der damaligeBundeskanzler Kohl den ostdeutschen Bürgern „blühende Landschaften“ binnen wenigerJahre. Hingegen muss 12 Jahre nach der Wiedervereinigung eine mehr als ernüchterndeZwischenbilanz des bisherigen ökonomischen...