Using more than 10 million on-line fares, we study the determinants of yearly fares' changes in June 2002-June 2005. We verify whether airlines took advantage, after the Euro introduction, of potential inflationary pressures by increasing their fares more in routes to Eurozone nations. The...

Die politische und die wirtschaftliche Integration Europas sind eng verwoben. Betrachtet man das Zusammenwirken beider Bereiche, wird deutlich, dass Europa aus einer Vielzahl historisch gewachsener Wirtschafts- und Sozialmodelle besteht. Welche wirtschaftlichen und politischen Veränderungen die...

Conventional wisdom suggests that the European debt crisis, which has thus far led to severe adjustment programs crafted by the European Union and the International Monetary Fund in both Greece and Ireland, was caused by fiscal profligacy on the part of peripheral, or noncore, countries in...