Taking a closer look at the EU’s approach to enhanced surveillance, one finds that the approach of coordinated surveillance of autonomous fiscal policies of Euro member states is unlikely to deliver meaningful results. The widespread public perception that there is a general debt crisis in the...

The Transatlantic Banking Crisis has strongly raised debt-GDP ratios in many OECD countries and this is undermining the economic recovery. As regards the euro zone there are special problems which are partly related to lack of fiscal discipline in Greece and to the Irish economic crisis which...

The expansion of information & communication technology (ICT) is continuing in OECD countries and the world economy – partly due to the ongoing fall of relative ICT prices. The continuing absolute fall of ICT prices and ICT capital prices, respectively, is not adequately considered in the...

This analysis takes a closer look at the costs and risks of nuclear energy – including the considerable shadow subsidies allocated to nuclear power – a crucial issue after the Fukushima accident. The liability insurance in Germany covers only ¼ of the damages covered in the US, but in both...

The role of information and communication technology (ICT) is discussed both with respect to economic growth and green global modernization. ICT stands for the most innovative sector in the EU and the US; high productivity growth and digital product innovations are characteristics of this...

The analysis considers the impact of FDI inflows and FDI outflows and shows that the presence of (cumulated) FDI requires higher import elasticities in absolute terms than stated in the standard Marshall Lerner condition. One may derive a range for the elasticity of the ratio of exports to...

The long term dynamics of growth and structural change in open economies are discussed where integration aspects are included. Taking a closer look at basic economic dynamics, namely developments in terms of sustainable growth and international interdependencies, the theoretical section...

This paper analyzes the 1992 crisis in the EMS and raises the question whether EC monetary integration along the lines envisaged by the Maastricht Treaty is an efficient and viable way of monetary union. The challenge of the single market project for monetary integration is discussed and it is...

This paper analyzes the 1992 crisis in the EMS and raises the question whether EC monetary integration along the lines envisaged by the Maastricht Treaty is an efficient and viable way of monetary union. The challenge of the single market project for monetary integration is discussed and it is...