The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...

If the technological revolution which has taken place over the past decades has lowered information costs and if information costs increase in distance, distance should – ceteris paribus – become less important in determining international bank lending. We are using a dataset on assets and...

We estimate monetary policy reaction functions for France, Germany, Italy, the United Kingdom, and the United States using a Markov-switching model that incorporates switching in the monetary policy regime as well as an independent switching process for shifts in the state of the economy....

Research efforts towards new energy sources and towards the efficiency of energy use will be vital to reducing CO2 abatement costs in the long term. Can such efforts be induced by price instruments? Economists often cite induced technological change as a possible consequence of environmental...

Die rund 450 Experten, die sich im Juli 1996 am 53. "ifo Konjunkturtest International" beteiligt haben, beurteilen die aktuelle Wirtschaftslage im Durchschnitt der 63 Länder ähnlich wie im April. Da ihre Erwartungen für die nächsten sechs Monate zuversichtlicher waren als im Frähjahr, hat...