In the spring of 2004, the euro-area economy is on the road of recovery.

The issue of whether government capital is productive has received a great deal of recent attention. Yet, empirical analyses of public...

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali...

This paper studies the relative performance of alternative monetary policy rules in the presence of oil price shocks in a small open...

In diesem Beitrag wird aufgezeigt, dass sich die Geldpolitik der Deutschen Bundesbank im Zeitraum 1991 bis 1998 gut mit Hilfe einer so...

Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe have changed...