The pattern of innovation in Germany is substantially different from that in the US and the UK. It is argued that German patterns of innovation - incremental innovation in high quality products especially in engineering and chemicals - require long-term capital, highly cooperative unions and...

How will EMU influence the European political economy? This paper argues that most of the likely alternatives are unsustainable for at least some of the EMU member-states. As a result, the Stability Pact imposed by the Kohl government and the Bundesbank is likely to be rejected by other...

This paper discusses industrial and economic adjustment in France in the 1980s. Itargues that French industry followed a path of adjustment throughout the decade,which was fundamentally different from both the German-Japanese style organisedcapitalism, and the US-UK type of deregulated...

In diesem Papier werden Ausbildungszertifikate und Diplome als Industrie-Normenverstanden und analysiert, also als Dokumente mit standardisierten Informationen fürdie Akteure in der Wirtschaft. Im ersten Teil wird der vergleichende Analyserahmenentwickelt und die Hypothese über die...

Die gängige Begründung – basierend auf der bahnbrechenden Arbeit Rokkans – dafür, dass ein spezifisches Wahlsystem bevorzugt wird, ist, dass die Verhältniswahl („proportional respresentation“ oder „PR“) von einer zersplitterten Rechte eingeführt wurde, um ihre Klasseninteressen...

Abstract We develop a graphical 3-equation New Keynesian model for macroeconomic analysis to replace the traditional IS-LM-AS model. The new graphical IS-PC-MR model is a simple version of the one commonly used by central banks and captures the forward-looking thinking engaged in by the policy...

Although the operation of national coordinated wage-bargaining systems in EMU has produced low inflation rates, EMU-wide inflation has been above the ECB target rate for the last 3 years. By contrast, under the ERM, inflation rates declined steadily after 1992 to below 2 per cent in both the...

Innovation and technological change show different rates, types and trajectories depending on the sector in which they take place. Agents and institutions of a sector all exert a major influence on innovation. With contributions from nineteen experts in their field, this book proposes the...

A major puzzle in the open economy literature is why some countries have persistently higher real exchange rates than others. Even more puzzling is the fact that countries with high real exchange rates are strong export performers. We solve both puzzles with a model that integrates two central...