Einige wichtige Indikatoren deuten darauf hin, dass der Innovationsstandort Deutschland im Bereich der forschungs- und wissensintensiven Branchen seine derzeitige technologische Wettbewerbsposition im Vergleich zu wichtigen Konkurrenzländern nicht dauerhaft halten kann. Welche Schwächen sind...

To show global leadership and to foster the international negotiations for a long term international climate regime the EU has decided to reduce its GHG emissions by 20% relative to 1990 until the year 2020. These reductions will even rise to 30% if there is an international agreement committing...

The paper studies the differential impact of exchange rate fluctuations on households in a country. I extend earlier research by relaxing the assumption of complete international sectoral specialization. My setup allows for the presence of several different sectors in a given country, each...

This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...

The issue of low-wage competition in services trade involving posted workers is controversial in the EU. Using Swedish survey data, people's attitudes are found to be more negative to such trade than to goods trade. The differences depend on both a preference for favouring social groups to which...

Es ist in der Wissenschaft nahezu einhellige Ansicht, daß die Wettbewerbsfähigkeit ostdeutscher Unternehmen durch zu hohe Lohnkosten beeinträchtigt wird. Zu diesem Urteil gelangt man, wenn man die Wettbewerbsfähigkeit eines Unternehmens an Hand des in makroökonomischen Analysen üblichen...

We study fiscal devaluation in a small-open economy with labor market search frictions. Our analysis shows the key role of both dimensions in shaping the optimal tax scheme. By reducing labor market distortions, the tax reform is welfare-improving. Yet, as it makes imports more expensive, fiscal...

We analyze the effects of the unprecedented rise in trade between Germany and the East - China and Eastern Europe - in the period 1988-2008 on German local labor markets. Using detailed administrative data, we exploit the cross-regional variation in initial industry structures and use trade...

In recent years there has been a growing literature that analyses the threat which Chinese exports pose to the exports of other developing countries. The paper provides a critique of the standard measures of export similarity which have been used to estimate the threat from China in these...

This paper analyses the role of exchange rates in the competition for FDI. Based on the assumption that two countries compete for FDI from the same source country, the paper shows explicitly that the relative FDI of one country is determined by the relative real exchange rate between its...