This paper investigates nonlinearities in the inflation-inequality relationship using a dynamic threshold panel data model and data for 101 countries over the period 1985–2020. We find that inflation rates exceeding 6% are associated with higher income inequality whereas below this threshold,...

Das vorliegende Buch vertieft das in Vorlesungen erworbene Wissen zu den Grundlagen der Volkswirtschaftslehre anhand zahlreicher und vielfältiger Übungsaufgaben und bereitet somit auf Klausuren vor. Die fünfte Auflage wurde um eine Reihe zusätzlicher Aufgaben zu aktuellen ökonomischen und...

1 China's path to becoming a global economic power -- 2 Slowing growth in response to emerging geopolitical tensions with the West -- 3 Xi Jinping's reform course -- 4 China's economic policy challenges in the coming years and decades -- 5 Where is China heading? Alternative scenarios and...

While institutions are said to be poor in China in cross-country comparison, recent research indicates that at the provincial level, institutional quality plays in fact an important role for the economic success of a province, municipality, or autonomous region in China. Our paper aims to add...

The European integration process started with the aim of reducing the differences in income and/or living standards between the participating countries over time. To achieve this, a certain alignment of institutions and structures was seen as a necessary precondition. While the goal of this...