This paper challenges the conventional view according to which disinflations in LAC-even from low and moderate peaks-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation inertia when measuring costs of disinflations,...

Auch im Jahr 2000 setzte sich der wirtschaftliche Aufschwung in sehr lebhaftem Tempo fort, und das reale Bruttoinlandsproduktion expandierte um rund 5 1/2 %. Trotz deutlich verbesserter Lage auf dem Arbeitsmarkt sank die Arbeitslosenquote im Jahresdurchschnitt nur um etwa einen halben...

Das reale Bruttoinlandsprodukt (BIP), der wichtigste Indikator für Konjunktur und Wirtschaftswachstum, wurde bisher in den deutschen Volkswirtschaftlichen Gesamtrechnungen (VGR) in konstanten Preisen eines Basisjahres nachgewiesen (Festpreisbasis). Auf der Grundlage der Entscheidung der...

Auf der Grundlage der Entscheidung der EU-Kommission vom 30. November 1998 hat das Statistische Bundesamt im Frühjahr 2005 die Berechnung des realen Bruttoinlandsprodukts für die Bundesrepublik Deutschland von der Festpreisbasis auf die Vorjahrespreisbasis umgestellt. Seit Februar dieses...

The general policy prescription for resource-rich countries is that, for sustainable consumption, a greater percentage of the windfall from resource rents should be channelled into accumulating foreign assets such as a sovereign public fund as done in Norway and other developed but resource-rich...

The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...

Eastern Europe is one of the fastest growing transition economies of the world. The post-socialist countries of Central and Eastern Europe, especially the Czech Republic, Hungary and Poland, continue to undergo a radical economic reform program via microeconomic liberalization, macroeconomic...

The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the Great Crash of 1929 as well as after the Second World War and after the collapse of the Bretton Woods system in 1971 and the subsequent oil crisis. A brief critical survey of...

This paper advances an argument about the need to take into account two components of state-industry relations if we are to fully understand economic development and policy trajectory, as well as industry-state co-evolution. The first component, the specific structure of the bureaucracy and...