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This survey summarizes the classical fundamentals of modern deterrence theory, covers major theoretical and empirical findings on the impact of certainty and severity of punishment (and the interplay thereof) as well as underlying methodological problems, gives an overview of limitations and...
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We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
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In this paper we present a critical overview of differnt methods of constructing an equilibrium exchange rate. The … equilibrium exchange rate. Rather, we argue that the latter can only be recover from a model in which the real determinants of …, the internal-external balance approach to defining an equilibrium real exchange rate is disccused, and this method is …
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