Die vorliegende Analyse der österreichischen Warenverkehrsbilanz diskutiert sowohl die zeitliche Entwicklung der Handelsbilanz und ihre zugrundeliegenden Faktoren als auch die bilateralen Bilanzen mit den wichtigsten Handelspartnern und die Handelsbilanz in ausgewählten Warengruppen. Mit...

The economic crisis has laid open deficiencies in the construction of the European Economic and Monetary Union. At its foundation, it was assumed that monetary integration would reduce the likelihood of asymmetric shocks. The crisis shows, however, that endogenous mechanisms may even amplify...

Social scientists have long argued that developed countries are more and more responsible for climate change because they externalise pollution to less developed countries. This paper offers a way to quantify climate responsibility by calculating carbon footprints and carbon balances between...

The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these developments and outlines the key reforms which are...