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Globalisation
In recent years, the integration of goods, capital and financial markets has progressed on a global scale. The 66th annual meeting of the Association of German Economics Research Institutes (ARGE) focused on the question of national macroeconomic policies in an environment of increasingly interdependent business cycles.In the first paper of the volume, Koll gives a general introduction to the history of business cycles co-movement. Koll also highlights the responsibility of national governments as global players.The first section deals with the evolution of business cycle synchronization. Flaig, Sturm and Woitek conclude that, while the oil shocks of the 70s induced strong co-movements in bu...
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The IMF and the World Bank, the General Agreement on Tariffs and Trade (GATT), and later the WTO were the most important political offspring of the concept of multilateralism. [...] As a consequence of this power shift from the West to the other areas of the world, the speed and further development of global multilateralism threatens to lead in a direction that does not necessarily correspond to the goals of the United States and the European Union. [...] Because the levels of tariffs between the United States and the EU are already very low, the dismantling of NTBs between them has a much bigger influence on the growth process and on the employment rate than the dismantling of tariffs. [...] While the effects of TTIP might become tremendously positive for the United States and the EU, the consequences for the rest of the world would be rather negative in the short run. [...] However, in the long(er) run, the higher growth, additional jobs, and increase in the standard of living in the United States and the EU will lead to benefits in the rest of the world.
The Politics of East-West Migration
How many people have migrated from central and Eastern Europe since the 1989 revolutions? Are fears of mass migration from eastern Europe well-founded? What are the causes and effects, in both the sending and receiving countries, of such population movements? What are the policy reactions in the East and the West and how is this phenomenon likely to develop and to be regulated over the near future? These are some of the key questions addressed in this book by sixteen east and west European experts on international migration.
Divergence
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The European Reform Logjam and the Economics of Reform
Europa tut sich schwer mit wirtschaftspolitischen Strukturreformen. Oft widersetzen sich vor allem größere EU-Länder ganz dem Druck zur Veränderung, oder es werden nur partielle Reformen durchgeführt. Doch Verzögerungen von Reformen sind mit hohen volkswirtschaftlichen Kosten verbunden: Dazu gehören Wachstums- und Beschäftigungsverluste. Die Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute hat darum anlässlich ihrer 67. Wissenschaftlichen Tagung Gründe für und Wege aus dem "Reformstau in Europa" gesucht. Erstmalig wurde die Tagung in Kooperation mit einem anderen Wirtschaftsforschungsinstitut, dem Centre for European Policy Studies (Brüssel), durchg...
