Deutschland ist seit Mitte der neunziger Jahre langsamer gewachsen als der Durchschnitt der europäischen Länder. Von 1995-2004 nahm das deutsche Sozialprodukt um 13%, das BIP Großbritanniens um 22%, das von Frankreich um 20% und das von Österreich um 22% zu. Helmut Frisch, TU Wien und...

In this paper the authors analyze flexible inflation targeting and nominal income targeting as two different monetary strategies in a simple dynamic macromodel. The key results of this paper are: first, for both targeting regimes optimal monetary policy response leads to a shock-dependent...

In this paper we analyze flexible inflation targeting and nominal income targeting as two different monetary strategies in a simple dynamic macromodel. Furthermore we analyze inflation targeting in a two-period time-lag version of the model. The key results of our paper are: First, for both...

We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...

We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...