While the COVID-19 pandemic posits a significant challenge to all societies around the world, it also reveals in the most dramatic manner the many abysmal differences between so-called advanced economies and the developing world.

In the production function-based approach proposed by the European Commission for the estimation of the potential output, trend total factor productivity (TFP) is indirectly estimated on the basis of cyclical factors. Instead, this article proposes a more economics-based foundation of trend-TFP...

The reluctance of a significant number of individuals in the current COVID-19 pandemic to adhere to social distancing measures -- and even to get vaccinated -- seems to be one of the major obstacles for the long-term success of public health policies around the world. Against this background we...

The reluctance of a significant number of individuals in the current COVID-19 pandemic to adhere to social distancing measures - and even to get vaccinated - seems to be one of the major obstacles for the long-term success of public health policies around the world. Against this background we...

Einleitendes -- Einleitendes -- Grundlagen der Makroökonomik -- Präkeynesianische Makroökonomik. Darstellung und Kritik -- Keynesianische Beschäftigungstheorie: Die kurze Sicht -- Konventionelle Analysen von Inflation und Wachstumsprozessen -- Makroökonomik für Fortgeschrittene --...

Dieses Lehrbuch zur makroökonomischen Theorie betrachtet die Einkommens-, Zins- und Beschäftigungstheorie, die Analyse von Inflation und Unterbeschäftigung und die Wachstumstheorie durchgängig aus keynesianscher Sicht. Es konfrontiert die dabei erzielten Aussagen und Ergebnisse insbesondere...