This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case…

This study focuses on the early stages of international innovation activities, i.e. the organizational processes through which promising ideas from around the globe are collected and evaluated. We ask: What…

• Experts Expect no Change of the Business Cycle Development in the CEE Countries
• Czech Republic, Poland, and Slovakia: Expectations for Further Development Have Worsened
• Croatia, Hungary, and Romania: Optimism for…

The communication policy of the European Central Bank attracts a lot of attention from financial markets. This paper analyses the informational content of the monthly introductory statements of the ECB president…

• Optimistic Forecast for Swiss Stock Market
• Eurozone: Less Unanimity Regarding Further Interest Rate Hikes
• USA: Interest Rate Cut Expected
• Japan: The Majority Expects no Change in Economic Dynamics
• Great Britain:…