Das Institut für Weltwirtschaft an der Universität Kiel (IfW) ist eines der großen Zentren weltwirtschaftlicher Forschung, wirtschaftspolitischer Beratung, ökonomischer Ausbildung und wirtschaftswissenschaftlicher Dokumentation. Das Institut sieht seine Hauptaufgabe in der Erforschung...

The present report gathers 21 contributions received from national Economic and Social Councils (ESCs) and similar institutions, civil society organisations and members of the European Economic and Social Committee (EESC) in relation to their implications and activities regarding the 2012...

Wage shares have fallen substantially in Europe since the early 1980s. To some extent this is due to a macroeconomic policy package that encourages wage flexibility and wage competition. A system of wage coordination in the Euro area would facility a return to a productivity-oriented wage policy...

As the former Special Assistant to the President for International Economics at the National Economic Council (NEC) at the White House, Robert F. Wescott helped develop policies on a wide range of internationaleconomic and financial issues. Prior to joining the NEC in early 1999, he was Deputy...

The constant stream of real-time data releases by the government and several private sources diverts attention away from the very sound fundamentals that support strong sustainable U.S. economic expansion and provide substantial flexibility to withstand external shocks. Standard estimates of...

The President?s Advisory Panel on Tax Reform took on a very difficult task?to disentangle the complexities, sources of unfairness and economic distortions in current tax policy, and provide proposals for reform?and its final report is admirable in its intent and accomplishment (President?s...

Few economic events of recent years have attracted as much attention as the announcement by the People?s Bank of China on July 21, 2005, that henceforth the exchange rate of the Renminbi (RMB) would not be kept fixed in relation to the U.S. dollar, but would be managed relative to a basket of...

We applaud Alan Greenspan for his 18 years as chairman of the Federal Reserve Board, leading its successful disinflationary monetary and its more orderly conduct of policy and transparency. Ben Bernanke is an outstanding monetary scholar who has long advocated the pursuit of low inflation and...

At our first meeting, ten years ago, we offered a medium-term strategy for ending inflation and restoring productive growth to its long-term average. The rate of inflation for the previous three years was, then, about 5 1/2%. The average rate of money growth -- currency and checkable deposits --...

The last twenty years offer remarkable evidence about the irrelevance of some political labels. The drift into permanent inflation, initiated by a "liberal" Administration under President Johnson, was continued under three "conservative" Administrations. The drift in our budget "policies" even...