This paper analyses how adjustment dynamics, in an environment with some degree of price and wage rigidity, may create and strengthen asymmetric developments in a monetary union. It presents a simple illustrative model of adjustment dynamics that reproduces quite nicely actual developments in...

New challenges arise with the trends that the Industrial revolution brings, as well as the impacts of Globalisation which are inextricably intertwined. Experts in the field are working together on creating tools in order to predict the domino effect it may cause to the economy. It is known that...

This article tests the hypothesis that financial supply-side shifts help to explain the low-investment climate of private firms in Germany. The core contention is that a firm's financial position contributes to its access to external finance on credit markets. Special emphasis is put on small...

Trotz des größten Wirtschaftseinbruchs in der deutschen Nachkriegsgeschichte hat die internationale Krise die Bürger kaum erreicht. Das wird sich mittelfristig bedrohlich ändern, wenn es nicht gelingt, rechtzeitig eine aufziehende Kreditklemme und eine bedrohlich wachsende Staatsverschuldung...

Was sind "Freie Berufe"? Ihr Wesen, ihre Bedeutung für den Menschen als Individuum und als soziales Werk? Wen oder was fordern Freie Berufe heraus, wenn sie Anforderungen an "die Wissenschaft" stellen? Die Fragestellungen formulieren die Konfrontation der Selbstverständnisse von Freien Berufen...

Neben einem konjunkturellen Einbruch leidet Deutschland vor allem unter strukturellenProblemen, wie Unsicherheiten bei der Energieversorgung, einer zu hohen Steuer- undAbgabenlast, einer ausufernden Bürokratie sowie unter Arbeits- und Fachkräftemangel. Dabeiwird als Folge eine...

As intelligence moves from arbitrary and erratic patterns of human discretionary knowledge-building toward a more systematic and organic AI, there is a need for a new market mechanism to validate, distribute, and reward intelligent processes. Such an intelligent market is built on a systematic,...

Literature provides evidence of profit shifting of MNEs, particularly by intercompany debt. Therefore, we conducted a broad empirical investigation (survey), focusing on specific issues regarding cross-border intra-group financial transactions. This paper aims to work out empirical evidence of...

Arguments in favor of nuclear power have been revived in recent years especially in emerging economies like India. The proponents of the nuclear power have put three arguments to justify their demand. These are: (a) Nuclear energy is safer today due to induction of better and safer technology....

The paper provides an overview of the key transformation mechanisms for the community of German economists during its internationalization and integration in the global economic community. It points out three main features of the German economics, which made this transformation possible, and...