Anticipatory modernization : a comparative overview of welfare state development -- War and welfare policy -- Developmental state or welfare state? : a comparative analysis of postwar welfare expenditures -- A "unique welfare society"? : a comparative analysis of policy substance -- Area studies...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...