The authors review the graphical approach to teaching the real business cycle model introduced in Barro. They then look at where this approach cuts corners and suggest refinements. Finally, they compare graphical and exact models by means of impulse-response functions. The graphical models yield...

<title>Abstract</title> The structure and contents of undergraduate programs in economics and management sciences differ among the major European universities. Based on analyses of curriculums, course syllabuses, and adopted textbooks, the author looks at how much time is spent in pertinent programs, how time...

A public choice model of union wage bargaining behavior has led to the hypotheses that money wage growth rates crucially depend on government ideology and vary rhythmically with election dates. This provides another link between the economy and the polity in Western-type democracies which...

Begünstigt das geplante Steuerabkommen zwischen Deutschland und der Schweiz Steuerhinterzieher und sollte besser nachverhandelt werden? Oder führt das Abkommen zu größerer Steuergerechtigkeit? Charles B. Blankart, Humboldt-Universität zu Berlin und Universität Luzern, zeigt die beiden...

The current debate on tax planning has to distinguish between tax evasion and aggressive tax planning. While tax evasion is illegal and requires the enhanced exchange of information, measures against aggressive tax planning seem to be very complex and complicated. Tax havens’ benefits from tax...