Coordination is a fundamental principle for economic policy in the EU. There is a consensus that soft coordination (exchange of information, general guidelines for economic policy) is useful. Whether stabilization policies should be coordinated is another matter. Against the background of the...

This dissertation contributes to several fields of international macroeconomics. Chapter 2 presents a new dataset and new evidence on the invoicing pattern in international trade for a large panel of countries. It goes into detail explaining the motivation to set prices in different currencies,...

Since the 1990s, the effective global labor supply has increased strongly, in particular due to the integration of China and India into the global markets. This rise has also deteriorated the situation of low-skilled workers in advanced economies. This development raises important challenges for...