This paper investigates price differences between online and offline retail channels in the EU Digital Single Market. Using price and sales data for ten household appliances product categories sold both offline and online in 21 EU countries in 2009, and correcting for product characteristics, we...

Analog zur Schuldenbremse wurden auch die europäischen Fiskalregeln während der Coronapandemie ausgesetzt. Die Rückkehr zum bestehenden System der europäischen Regeln ist für 2023 angedacht. Dies würde einen erheblichen Kürzungsdruck zur Folge haben. Die europäischen Fiskalregeln müssen...

Die Schaffung eines einheitlichen Geldes in Europa und die Vergemeinschaftung der Geldpolitik bedeuten eine einschneidende institutionelle Änderung. In diesem Beitrag wird analysiert, was zu tun und was zu lassen ist, damit das historisch bedeutsame Vorhaben ein Erfolg wird. Zwölf...

The aim of this paper is to improve our understanding of the key determinants of intra- and extra-euro area imports. Using a simultaneous equation estimation framework, and pooling the data across nine euro area countries as an approximation of the euro area, we estimate intra- and extra-euro...

The present paper intends to review the main concepts and debates in the field of real economic convergence, with a particular view on Romania's situation as a candidate country first, and new EU member

In 1961, in the earlier stage of the European integration, Bela Balassa proposed a five successive phase model about it as a foresight. Today, the half century experience on integration and corresponding literature issued just lets us see rather two big phases (instead of five). The one would be...

The “Lemaire Act” for a Digital Republic, dated October 7, 2016, establishes two new default principles with respect to government data and public court opinions - with the enactment of the Lemaire Act this information will now by default be made public in France. The creation of this...

Risk-free rates have been falling since the 1980s. The return on capital, defined here as the profits over the stock of capital, has not. We analyze these trends in a calibrated OLG model designed to encompass many of the "usual suspects" cited in the debate on secular stagnation. Declining...