Advanced economies with relatively high manufacturing shares tend to have current account surpluses. One reason for this is the dominant role played by transactions involving manufactured goods in world trade. An additional factor is that the catching-up process in emerging and developing...

Advanced economies with relatively high manufacturing shares tend to have current account surpluses. One reason for this is the dominant role played by transactions involving manufactured goods in world trade. An additional factor is that the catching-up process in emerging and developing...

In light of the shortcomings of the Stability and Growth Pact, there has been a recognition that a surveillance framework is needed which goes beyond fiscal issues to cover wider acroeconomic factors. The question arises whether the surveillance and connected reform criteria should be applied...

The lasting economic impact of the coronavirus pandemic will become apparent in the development of the macroeconomic factors of production – labour, capital, human capital as well as the stock of technical knowledge. Changes in behaviour such as a greater acceptance of technology can...

The war in Ukraine has exacerbated pre-existing production problems in manufacturing networks originating from the coronavirus pandemic. Material shortages are compounded by uncertainties about sufficient energy supplies. Above all, energy has become more expensive for European industrial...

The aim of the concept of inclusive growth is to derive political recommendations on the basis of selected indicators so that a maximum number of socio-economic groups may benefit from the economic progress of a country. On the one hand, this initiative continues the long-running debate on...