The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many...

Diese Festschrift enthält Beiträge zur empirischen Regionalforschung, die für die Regionalpolitik von hoher Relevanz sind. Dabei wird ein breites Methodenspektrum verwendet, wie es für die moderne Regionalforschung heute kennzeichnend ist. Thematisch erstrecken sich die Beiträge von der...

Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this...