This paper compares the depth of the recent crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the recent crisis leveled off in mid-2009 for production and...

WWWforEurope has developed a comprehensive strategy to set Europe on a path to a socio-ecological transition. The strategy begins by renouncing the long-established concept of using GDP growth figures as the benchmark for economic and societal progress. In contrast, it sets “well-being in a...

Die Digitalisierung, die Energiewende und der Aufstieg Chinas zu einem wichtigen Konkurrenten stellen die Wirtschaftspolitik vor große Herausforderungen. Die Politik reagiert darauf mit Überlegungen, europäische Champions zu schaffen oder lenkend in die Wirtschaft einzugreifen. Eine...

Despite the substantial economic and political problems currently, it is important to recall that European integration has by and large been a success. However, restarting economic growth now should not follow the old trajectory, nor should it be built on old myths. It should start from a new...

The economic agenda of bringing jobs back and improving dynamics can sometimes work in the short run, if past fiscal prudence has left some space for higher government expenditures for low incomes. However, in the long run, protection and redistribution without active components, innovation and...

The economic consequences of the war could potentially be used to postpone climate policy, energy saving and the shift to renewable energy. This includes investments in atomic energy – perhaps in smaller plants – as there is still no satisfactory solution for the storage of nuclear waste.

After President Trump's departure, many expected that the transatlantic partnership would return to its previous state with the US playing a leading role. This article challenges that view. Instead, a new world order is foreseen, with different partnerships and spheres of influence. Europe can...

The financial crisis has affected the real economy in stages yet nevertheless at an unexpected rate and with all regions being affected simultaneously. It advanced almost independently of the regions' exposure to the actual initial causes, among them the subprime crisis, innovative financial...