Among a wider public, global market integration is often taken for granted. Products offered in local stores typically originate from all over the world. Goods may also have crossed borders numerous times during the production process. Online marketplaces, such as eBay, facilitate effortless...

Im Rahmen der Diskussion, wie die wirtschaftlichen Schwierigkeiten Europas, insbesondere der Eurozone, zu bewältigen sind, wurde die Forderung nach einem Abbau von Leistungsbilanzüberschüssen laut. Nach Ansicht von Rolf J. Langhammer, Institut für Weltwirtschaft, Kiel, spricht vieles dafür,...

This paper describes the monetary policy response of countries during the inter-war period. How did central banks react to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy pressures? What was the optimal level of international policy...

This paper describes the monetary policy response of countries during the inter-war period. How did central banks react to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy pressures? What was the optimal level of international policy...

Fossil fuels have shaped the European economy since the industrial revolution. We use new long-run panel data to analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of European NUTS2 and NUTS3 regions. We show that the reversal of...