Titlebook: Dynamic Approaches to Global Economic Challenges; Festschrift in Honor Birgit Bednar-Friedl,Jörn Kleinert Book 2016 Springer International

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A Prototype Model of European Integration: The Case of Austriahe main integration effects theoretically expected from the regime changes since 1989. In this respect, the Austrian integration model could also serve as a prototype for other EU member states. Overall, the participation in all integration steps since 1989 has added approximately 1 % to Austria’s r

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Strategic Macroeconomic Policies in a Monetary Union monetary union in a situation similar to the economic crisis (2007–2010) and the sovereign debt crisis (since 2010) in Europe. The second sequence of shocks includes different kinds of demand side shocks and serves to discuss the best macroeconomic policy strategies for possible future scenarios.

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Status, Wealth Distribution, and Endogenous Economic Growthseholds’ assets (e.g., differences in the return to one’s human capital—considered as part of the total capital). Moreover, the endogenous growth rate is shown to strongly depend on the ., which is itself an endogenous variable that is determined by the standard deviation of the individual growth ra

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A Prototype Model of European Integration: The Case of Austriand Economic and Monetary Union (EMU) with the introduction of the euro, and the . of the EU, in particular the grand enlargements of the EU since 2004. There have been and will be several anniversaries for Austria to celebrate around the years 2014 and 2015: 25 years since the fall of the Iron Curta

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Trade Agreements and Regional Disparitiesder the economic effects of intensified trade integration within the Union in which productive factors are also mobile. We argue that a New Economic Geography (NEG) perspective is preferable to the Heckscher-Ohlin approach. We show that trade integration leads to specialization, trade creation, and

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Strategic Macroeconomic Policies in a Monetary Unionroeconomic model of a monetary union for analyzing the interactions between fiscal (governments) and monetary (common central bank) policy makers, assuming different objective functions of these decision makers. Using the OPTGAME algorithm we calculate solutions for two game strategies: one cooperat