Indicators of government activity must be carefully designed to be relevant, credible and accountable. Frustration with reform pressures suggests that measures of policy activity are not providing accurate information. In fact, indicators of product or labour market regulation fail to measure...

Auch 30 Jahre nach der Wiedervereinigung gibt es große wirtschaftliche Differenzen zwischen dem westlichen und östlichen Landesteil. Ostdeutschland erreichte zuletzt durchschnittlich knapp 70 Prozent des westdeutschen Bruttoinlandsprodukts je Einwohner, mit Berlin sind es rund drei Viertel des...

The article presents the use of the ARDL model to identify military expenditure determinants of the Baltic States (Lithuania, Latvia, and Estonia). Factors influencing military expenditure include the variables characterizing the economic environment of the analyzed countries (GDP per Capita,...

The measures imposed by the governments to stop the spreading of SARS-CoV-2 virus, especially those referring to the mandatory character of physical distancing, determined more and more organizations to introduce teleworking, starting with March 2020. This paper analyses the factors that...

We analyse Italy's growth pattern from 2001 to 2019 using the demand and growth regime categories proposed in the post-Keynesian tradition and recently adopted in the comparative political economy (CPE) literature. We argue that after the Global Financial and Economic Crisis (GFEC), Italy...

The lockdowns and stimulus programmes that governments have adopted to fight the COVID-19 pandemic and the associated economic crisis have affected the distribution of income and production within and between countries. Considering both, current evidence indicates that the EU-wide and global...

This paper adopts a novel approach to studying the evolution of interest rate term structure over the U.S. business cycles and to predicting recessions. Applying an effective algorithm, I classify the Treasury yield curve into distinct shapes and find the less frequent shapes intrinsically...

Die schwache öffentliche Investitionstätigkeit in Deutschland hat mit zu den geringen Produktivitätszuwächsen in den letzten Dekaden beigetragen. Um den ohnehin moderaten Wachstumsbeitrag des staatlichen Kapitalstocks auf dem Niveau der 1990er Jahre konstant zu halten, hätten jährlich rund...

This study introduced a new approach for monitoring regional development by applying satellite data with machine learning algorithms. Satellite data that represent physical features and environmental factors were obtained by developing a web-based application on the Google Earth Engine platform....

Inflation expectations are a crucial variable for central banks. However, empirically examining their properties is challenging. This paper juxtaposes the properties of consumer and professional expectations. It also assesses the degree of forward- and backward-lookingness and the information...