Der Ausweis von Regionalfördergebieten ist in den Mitgliedsstaaten der EU nur im Rahmen eines von der Europäischen Kommission kriteriengestützt festgelegten „Bevölkerungsplafonds“ möglich. Dieser wird für die kommende Förderperiode ab 2021 in Deutschland aufgrund der im EU-Vergleich...

The capitalist democracies of western Europe and the U.S. have developed extensive social programs, based on the principle of solidarity, that provide assistance to the destitute, the unemployed, the sick, the disabled, and the elderly. Due in part to growing levels of spending on these...

The notion of a European social model assumes that European societies have certain features in common which distinguish them positively from the United States, among them most notably the social partnership in labour relations, redistributive welfare state schemes, and cohesive societies with a...

This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed. Ignoring the relation between monetary policy and asset...

This paper investigates work/care policies in fifteen European welfare states during the last two decades in a comparative perspective. The main question is how certain work/care arrangements are supported through public policies of different welfare states and whether this has changed over...

Over the past two decades, reliance on short-term contracted staff has increased in government institutions across the Western world. This tendency towards contracted government may be strengthened during periods of economic and financial stress. This article therefore poses the following...

The authors model trades-through, i.e. transactions that reach at least the second level of limit orders in an order book. Using tick-by-tick data on Euronext-traded stocks, they show that a simple bivariate Hawkes process fits nicely their empirical observations of tradesthrough. The authors...

We propose a general framework to assess merger policy effectiveness based on standard oligopoly theory and stock market reactions. We focus on four different dimensions of effectiveness: 1) legal certainty, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We apply...

After intensive and extensive preparation, the European Commission released the long-awaited proposal for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB) on March 16, 2011. In the context of the Europe 2020 Strategy, major objectives of the proposed CCCTB are the...