There is evidence that a budget consolidation strategy can work with only a small and shortlived negative impact on growth. However, many countries are currently trying to consolidate at the same time as firms and consumers are deleveraging. We develop ten guidelines for consolidation during...

Das WIFO koordiniert das integrative Forschungsprojekt "Welfare, Wealth and Work for Europe - WWWforEurope", das von der Europäischen Kommission im Rahmen des 7. EU-Forschungsrahmenprogramms finanziert wird und an dem 33 Partnerinstitutionen aus 12 EU-Ländern beteiligt sind. In diesem Projekt,...

The European project is a long-run success story. Up to the 1990s, Europe thrived and experienced rising prosperity, as well as a catching up process with technology frontiers, while simultaneously extending its welfare model. The integration process, starting with six member states, led to a...

The European project is a long-run success story. Up to the 1990s, Europe thrived and experienced rising prosperity, as well as a catching up process with technology frontiers, while simultaneously extending its welfare model. The integration process, starting with six member states, led to a...