The quality of the public administration is an important driver of EU competitiveness and influences firms' growth prospects through a number of channels. During their lifetime, firms interact with public…
The increasing international integration of labour markets can no longer be sufficiently described along industry sectors or skill categories based on educational achievements. Instead, technological innovations…
Overcoming the current economic crisis and ensuring long-term competitiveness and growth is a key policy challenge for Europe. Since innovation is the classical source of knowledge creation, it is seen as key…
The objective of this study was to document whether the EU Emission Trading System (EU ETS) has had an impact on low-carbon investment and operating decisions of companies covered by the EU ETS. The study was…
The financial and economic crisis had a severe impact on public finances in Europe. The immediate short-term fiscal policy responses served to cushion some of the adverse effects of the crisis. But the initial…
From the perspective of optimal currency areas, a monetary union such as the euro area which is characterized by low labor mobility needs fiscal institutions which may have stabilizing effects in the case of…
Public debt is at the core of the current economic crisis in Europe. This implies that lowering public debt is one of the key policy challenges. However, while there is no shortage of policy recommendations…
Many observers argue that the European monetary union will not survive unless it is complemented by a ‘fiscal union’. In this context, the introduction of a fiscal capacity at the euro area level as proposed by…
The project aims at assessing the economic relevance of credit scoring. The central topics are the usefulness of credit scores for the prediction of credit risks as well the effects of credit scoring on future …
The debate on the competences between the EU and its member states has risen in line with the most recent financial and debt crisis. While some supporter of the EU argue that its competences are still too small…
Securing the financing constitutes is a real problem for many startup companies. So the hope is that Business Angels (BA) get more important as financial resource. BAs are organized in networks and organizations…
In the recent decades, economic research has begun to intensively analyze the role of agents’ expectations for economic outcomes. Academic studies acknowledge that the link between a piece of information and…