Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...

Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...

There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

Die vorliegende Arbeit stellt die wichtigsten Ergebnisse der Konjunkturanalyse und -prognose vor, die der Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung in seinem Jahresgutachten 2000/2001 am 15. November 2000 vorgelegt hat. Zum besseren Verständnis werden...