For his research on the topic of this book Ulrich Berger was awarded the Research Prize of the Vodafone Foundation and the WU Best Paper Award. This book studies the economics of telecommunications networks characterized by two-way interconnection. Special emphasis is put on the role of access...

Financial globalisation and spillovers have gained immense prominence over the last two decades. Yet, powerful cross-border financial spillover channels have not become a standard element of structural monetary models. Against this background, we hypothesise that New Keynesian DSGE models that...

What are the drivers of business cycle fluctuations? And how many are there? By documenting strong and predictable co-movement of real variables during the business cycle in a sample of advanced economies, we argue that most business cycle fluctuations a re d riven b y o ne major factor. The...