Zusammenfassung Im Beitrag wird gezeigt, dass die Kreditfinanzierung öffentlicher Investitionen mittel- und langfristig den Nachteil hoher, am Marktzins orientierter Opportunitätskosten aufweist. Im Rahmen der Steuerfinanzierung konvergieren die Opportunitätskosten öffentlicher Investitionen...

While small- and medium sized firms in Austria are generally more productive, export more, and engage more in higher technology activities than in comparable countries, they need to adapt better to the knowledge economy to maintain their relative performance levels. The capital structure of...

We introduce imperfect monetary policy transparency and strategic wage setting into a macro model where the central bank provides lender of last resort (LOLR) services to banks on top of its standard stabilisation policy. We study how, in the presence of adverse exogenous financial developments,...

This paper explored the degree of inflation persistence in Thailand using both headline and sectoral CPI indices during the 1985-2012 period. The results showed that the degree of persistence was low across the fixed and floating exchange rate regimes. The mean shifts appeared to be mostly...