Warnings about the dangers of protectionism are being heard from all sides at present. However, rehearsing the advantages of free trade and the drawbacks of protectionism is to little avail if it fails to take account of the limitations that the international context imposes on national economic...

The report Fiscal policies for a low-carbon economy makes an important contribution to our understanding of which fiscal policies work best and can be a guide to policy makers as they consider the most effective ways to achieve a low-carbon future. The report finds clear evidence that green...

Warnings about the dangers of protectionism are being heard from all sides at present. However, rehearsing the advantages of free trade and the drawbacks of protectionism is to little avail if it fails to take account of the limitations that the international context imposes on national economic...

Books reviewed in this article: Tito Boeri, Agar Brugiavini and Lars Calmfors (eds), with Alison Booth, Michael Burda, Daniele Checchi, Bernhard Ebbinghaus, Richard Freeman, Pietro Garibaldi, Bertil Holmlund, Robin Naylor, Martin Schludi, Thierry Verdier and Jelle Visser, The Role of Unions in...

Books reviewed in this article: Tito Boeri, Agar Brugiavini and Lars Calmfors (eds), with Alison Booth, Michael Burda, Daniele Checchi, Bernhard Ebbinghaus, Richard Freeman, Pietro Garibaldi, Bertil Holmlund, Robin Naylor, Martin Schludi, Thierry Verdier and Jelle Visser -The Role of Unions in...

Die gegenwärtigen Kontroversen zu den Auswirkungen eines Energieembargos gegen Russland, ausgelöst durch Russlands Krieg gegen die Ukraine, haben den Fokus auf die Verringerung der Abhängigkeit von fossilen Energieträgern und eine Neuordnung der Energieversorgung gelegt....

Over-borrowing and financial stress has recently become an important issue in macroeconomic and policy discussions in the US as well as in the EU. In this paper we study two regimes of financial stress. In a regime of high financial stress, stress shocks can have large and persistent impacts on...