Amid escalating geopolitical tensions, we offers insights into the far-reaching consequences of wars. Based on a new dataset on major conflicts since 1870, the findings show that wars cause a substantial decline in GDP and spike in inflation within war zones. Interestingly, countries...

The security situation in Europe and Germany has fundamentally changed, particularly due to Russia's war of aggression and the declining reliability of transatlantic security guarantees. At the same time, the global race for technological supremacy is intensifying. Germany must now initiate a...

Damit die EU ihre ambitionierten Klimaschutzziele erreichen kann, werden die Preise für Treibhausgasemissionen in den nächsten Jahren spürbar steigen. Das hat ökonomische Auswirkungen für die EU-Mitgliedsländer, aber auch den Rest der Welt. Einzelne Sektoren und auch Volkswirtschaften...

The Regional Comprehensive Economic Partnership agreement creates the world’s largest free trade zone. The agreement has the potential to increase trade relations among its members and further promote the development of regional value chains in “Factory Asia”. This article presents the...

Modern regional trade agreements focus on promoting bilateral exchange mostly by lowering non-tariff barriers to trade. But do existing regional trade agreements actually deliver what they promise This paper argues that existing results in the literature are upward biased because of measurement...