Welche Auswirkungen hat Austeritätspolitik auf Wirtschaftswachstum und Staatsschuldenquote? Je höher der Fiskalmultiplikator ist, desto kostspieliger gestaltet sich eine Budgetkonsolidierung. Dass die Höhe des Multiplikators entscheidend von den wirtschaftlichen Rahmenbedingungen abhängig...

Welche Auswirkungen hat Austeritätspolitik auf Wirtschaftswachstum und Staatsschuldenquote? Je höher der Fiskalmultiplikator ist, desto kostspieliger gestaltet sich eine Budgetkonsolidierung. Dass die Höhe des Multiplikators entscheidend von den wirtschaftlichen Rahmenbedingungen abhängig...

In dealing with the crisis in the Southern European countries Greece, Italy, Portugal and Spain, the Troika pushes for internal devaluation: Putting downward pressure on wages and prices in the South of the Eurozone is expected to cause improvements in price competitiveness and adjustments in...

This paper analyses the impact of technological capabilities on convergence. While looking at the relevance of differences in technological capabilities has a long tradition in economics when it comes to explaining persistent deviations in income, we provide econometric tests on the role of...

This paper analyses the emergence of internal debtor-creditor relationships within a monetary union. Developing a stock- ow consistent model consisting of three regions - North, South, and the Rest of the World (RoW), where North and South form a monetary union - it shows how the simultaneous...

By studying the factors underlying differences in trade performance across European economies, this paper derives six different "trade models" for 22 EU-countries and explores their developmental and distributional implications. We first introduce a typology of trade models by clustering...

This study discusses the challenges that economic policy-makers in Europe have to cope with, in order to ensure an economically prosperous and institutionally stable community of Member States of the European Union (EU). At the analytical level, we not only document a process of...

By studying the factors underlying differences in trade performance across European economies, this paper derives six different 'trade models' for 22 EU-countries and explores their developmental and distributional dynamics. We first introduce a typology of trade models by clustering countries...

This paper discusses the uneven consequences of the macroeconomic fallout from the coronavirus and related economic policy responses against the background of an analysis of longer-term macroeconomic divergence in the Eurozone. We show that the macroeconomic impact of the Corona crisis is...

By studying the factors underlying differences in trade performance across European economies, this paper derives six different "trade models" for 22 EU-countries and explores their developmental and distributional implications. We first introduce a typology of trade models by clustering...