This paper discusses the challenges that European Monetary Union (EMU) poses for European labor markets, emphasizing in particular the regional dimension of the European unemployment problem. The authors argue that the inability of labor markets to adjust to shocks is largely a regional problem...

In 2015, the EU regional / cohesion policy has passed its 40th anniversary. During this time, it has undergone various manifestations with ever-changing objectives. It started as a mixture of structural and regional policy aimed at reducing regional economic disparities within the Union. Since...

Die Konsolidierung des Bundeshaushalts, wie sie von der 'Schuldenbremse' des Grundgesetzes gefordert wird, lässt keine Spielräume für ausgabenträchtige Reformprojekte. Die Absichtserklärung der Bundesregierung, die im Koalitionsvertrag vereinbarten Projekte anzugehen, wenn die Haushaltslage...

[Introduction] In autumn and winter 2011, more or less out of a sudden, the movement 'Occupy Wall Street' arose and almost immediately attracted an amazing amount of public attention. Young people in New York, Baltimore, California, Madrid, Frankfurt and Zurich started bristling at a loss of...