Using a New-Keynesian framework, we investigate how far the inflationary processes in member states of EMU cause regional price levels to converge. We fail to produce hard evidence of the present existence of such an adjustment mechanism, notwithstanding that inflation in some countries tends to...

Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that describes the reaction of experts to the requirement to...

Wie stabil ist die Translog-Kostenfunktion bei mehreren Produkten? Eine Dokumentation des niederländischen Bankensektors Dieser Beitrag untersucht auf der Grundlage einer heterogenen Stichprobe niederländischer Banken die Stabilität der Translog-Kostenfunktion bei mehreren Leistungen im...