[Expansion der Weltwirtschaft verliert allmählich an Fahrt] Die Weltkonjunktur zeigt sich zu Beginn des Jahres 2006 weiter in robuster Verfassung. Zwar deutet sich für die Vereinigten Staaten an, dass die Geldpolitik allmählich die Nachfrage zu dämpfen beginnt; gleichzeitig haben sich aber...

Kiev is not so far away from Brussels as one might expect. Ukraine already performs quite well when compared to the other countries in the queue for entry into the EU. Especially the fiscal and external debt figures are better than in other countries. On the negative side, there is a...

Expectations about additional short-run gains from joining monetary union should not be too optimistic. Most of the expected gains from a monetary union are largely endogenous to credible, time-consistent domestic policies. Mere euro area membership is not a replacement for that. However,...