Summary: Topics: Economic Growth and openness. An econometric analysis for regions; International evidence on cointegration between consumption, income and wealth; The US consumption-wealth ratio and predictability of national stock returns: Evi-dence for the G7; The European business cycle in a redux world; European productivity gaps: Is R&D the solution?; What does export diversification do for growth? An econometric analysis; An estimated DSGE model for the German economy; Konstruktion eines kleinen makroökonometrischen Modells für Deutschland und das Euro-Währungsgebiet für Politikanalysen und Prognosen; ...

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