Nigeria has not been able to generate adequate revenue to match her expenditure over the years. It is not surprising therefore, that the country frequently operates deficit budget with its negative consequences on the current account balance. This study investigates the twin deficits hypothesis...

Negative interest rates are an invention of monetary authorities to show that monetary activism does not have boundaries, i.e., as if there is no such thing as a liquidity trap. Their presence in the financial landscape has redefined the benefits to savers and to investors. Governments can now...

Using the model derived by Bajo-Rubio (2014), this paper estimates government budget balance-consistent growth rates for the euro area countries. A comparison of these estimates to their actual growth rates indicates that most of these countries are growing at rates that are very similar to...

Infrastructure is crucial for generating growth, alleviating poverty, and increasing international competitiveness. For much of the twentieth century and in most countries, the network utilities that delivered infrastructure services--such as electricity, natural gas, telecommunications,...

This paper introduces the notion of monetary disorder. The underlying theory rests on a twin circuits view of the macro economy. The idea of monetary disorder has relevance for understanding the experience and consequences of the recent decade-long period of monetized large budget deficits and...

This paper introduces the notion of monetary disorder. The underlying theory rests on a twin circuits view of the macro economy. The idea of monetary disorder has relevance for understanding the experience and consequences of the recent decade-long period of monetized large budget deficits and...

Welche Auswirkungen hatte der Fall des Eisernen Vorhangs und die ökonomische Integration der mittelosteuropäischen Staaten für den Arbeitsmarkt in den Grenzregionen zwischen den alten und den neuen EU-Mitgliedsstaaten? Michael Moritz geht dieser Frage am Beispiel der bayerisch-tschechischen...

Die Entwicklung von Arbeitslosigkeit und Beschäftigung wird maßgeblich von den Übergängen auf dem Arbeitsmarkt beeinflusst. Daniela Nordmeier analysiert die Übergänge von Arbeitskräften, also Einstellungen und Entlassungen, im konjunkturellen Kontext. Dabei stützt sie sich auf...

The aim of this paper is to find out the main factors that determine whether young people with secondary education are employed or not in Lithuania. A survey of young people, aged 18-25, was carried out to gather information about individual characteristics and to find out the reasons why they...