We discuss properties of alternatives or complements to GDP as a measure of welfare at business cycle frequencies. We argue that these figures are not useful to measure the welfare costs of business cycles. First, data is not available at an appropriate quality and frequency. Second, since the...

This paper analyzes recent macroeconomic developments in the eurozone, particularly in Germany. Several economic indicators are sending signals of a looming German recession. Geopolitical tensions caused by trade disputes between the United States and China, plus the risk of a disorderly Brexit,...

Eine fundierte Lektüre voller Zahlen und Fakten sowie mit konkreten Empfehlungen zur Sanierung der Weltwirtschaft. Gegen die hemmungslosen staatlichen Bankenrettungspläne der Regierung kann nur noch eine Schocktherapie wirken - so die Meinung der Autoren Ernst Munk und Nicole Essiger. Wie der...