I estimate fiscal reaction functions to analyze the cyclical behavior of discretionary measures in the euro area and the potential impact of changes in the fiscal framework. The core is to analyze whether fiscal rules have an asymmetric impact on discretionary measures over the cycle. First,...

This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble the reform proposals in their components and analyse them in their specific proposed form in comparison, thereby shedding light on what is legally possible, economically sensible,...

Against the background of the European Commission's reform plans of the Stability and Growth Pact (SGP) this policy brief uses the macroeconometric multi-country model NiGEM to simulate the macroeconomic implications of the most relevant reform options from 2024 onwards. Next to a return to the...

The German global health strategy review process offers the opportunity to place a stronger focus on the horizontal integration of Germany's global health efforts with those of European partners. This is urgently needed as the German strategy makes little reference to the European Union (EU) and...

Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that...

Die Globalisierung schreitet via Phänomen der Technoglobalisierung – inklusive Internationalisierung von Innovations- und Patentdynamik – voran. Diese Entwicklungen werden mit Blick auf europäische und globale Leitmärkte untersucht, wobei neben der IKT-Dynamik in Asien vor allem...