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Contributors; Introduction; References; Part I Real, Monetary and Fiscal Integration in the European Union; A Prototype Model of European Integration: The Case of Austria; 1 Introduction; 2 Austria's Integration into Europe; 3 An Integration Model for Austria; 3.1 Four Integration Steps Since 1989; 3.1.1 Opening Up of Eastern Europe in 1989; 3.1.2 EU Membership in 1995; 3.1.3 EMU Membership in 1999; 3.1.4 EU Enlargement in 2004/2007; 3.2 Model Results; 3.2.1 Opening Up of Eastern Europe in 1989; 3.2.2 EU Membership in 1995; 3.2.3 EMU Membership in 1999.
3.2.4 EU Enlargement in 2004/20073.3 Overall Effects of Austria's EU Integration Since 1989; 4 Conclusions; Appendix 1: The Estimated Integration Model for Austria; Appendix 2: Quantitative Model Inputs of Four Integration Scenarios (Additional Effects Compared to the Baseline Scenario Without EU Integration); References; Trade Agreements and Regional Disparities; 1 Introduction; 2 Modeling Strategy and Related Studies; 2.1 Heckscher-Ohlin or NEG?; 2.2 Isoelastic or Linear Demand Functions?; 2.3 Which of the Productive Factors is Mobile?; 3 Linear Footloose Entrepreneur Model.
3.1 Fundamentals: Factor Endowments, Technology, Utility, and Geography3.2 Short-Run Equilibrium; 3.3 Long-Run Equilibrium; 4 Dynamic Analysis and Fixed Point Properties; 4.1 Local Stability Properties; 4.2 Properties of the Symmetric Fixed Point; 4.3 Transition to a Core Periphery Equilibrium; 4.4 Further Dynamic Considerations; 5 Conclusions; References; Strategic Macroeconomic Policies in a Monetary Union; 1 Introduction; 2 Nonlinear Dynamic Tracking Games; 3 The MUMOD1 Model; 4 Optimal Macroeconomic Policies; 4.1 Baseline Scenario; 4.2 Impacts of a Temporary Demand Side Shock.
4.3 Impacts of a Reverse Demand Side Shock4.4 Impacts of a Persistent Demand Side Shock; 5 Concluding Remarks; References; Determinants of Maximum Sustainable Government Debt; 1 Introduction; 2 The Model; 2.1 Households; 2.2 Government; 2.3 Firms; 2.4 Intertemporal Equilibrium; 2.5 Steady State Equilibrium; 3 Maximum Sustainable Debt; 4 Conclusion; Appendix; References; The Long Italian Stagnation and the Welfare Effects of Outsourcing; 1 Introduction; 2 Economic Stagnation and Inability of Gaining from Globalization; 3 The Model; 3.1 Households; 3.2 Firms; 3.3 Foreign Trade.
3.4 Market Clearing Conditions and Walras Law4 Results; 5 Conclusions; Appendix: Proof of Propositions; References; Part II Economic Growth, Technological Change, and Climate Policy; Status, Wealth Distribution, and Endogenous Economic Growth; 1 Introduction; 2 Status; 3 The Distribution of Relative Wealth; 4 Relative Wealth Distribution and Endogenous Growth; 5 Discussion of the Results; Appendix; References; Technological Change in Information and Communication: Consequences for Science; 1 Introduction; 2 Changes in the System of Science; 3 Time of Oblivion; 4 Doom of Causality?
3.2.4 EU Enlargement in 2004/20073.3 Overall Effects of Austria's EU Integration Since 1989; 4 Conclusions; Appendix 1: The Estimated Integration Model for Austria; Appendix 2: Quantitative Model Inputs of Four Integration Scenarios (Additional Effects Compared to the Baseline Scenario Without EU Integration); References; Trade Agreements and Regional Disparities; 1 Introduction; 2 Modeling Strategy and Related Studies; 2.1 Heckscher-Ohlin or NEG?; 2.2 Isoelastic or Linear Demand Functions?; 2.3 Which of the Productive Factors is Mobile?; 3 Linear Footloose Entrepreneur Model.
3.1 Fundamentals: Factor Endowments, Technology, Utility, and Geography3.2 Short-Run Equilibrium; 3.3 Long-Run Equilibrium; 4 Dynamic Analysis and Fixed Point Properties; 4.1 Local Stability Properties; 4.2 Properties of the Symmetric Fixed Point; 4.3 Transition to a Core Periphery Equilibrium; 4.4 Further Dynamic Considerations; 5 Conclusions; References; Strategic Macroeconomic Policies in a Monetary Union; 1 Introduction; 2 Nonlinear Dynamic Tracking Games; 3 The MUMOD1 Model; 4 Optimal Macroeconomic Policies; 4.1 Baseline Scenario; 4.2 Impacts of a Temporary Demand Side Shock.
4.3 Impacts of a Reverse Demand Side Shock4.4 Impacts of a Persistent Demand Side Shock; 5 Concluding Remarks; References; Determinants of Maximum Sustainable Government Debt; 1 Introduction; 2 The Model; 2.1 Households; 2.2 Government; 2.3 Firms; 2.4 Intertemporal Equilibrium; 2.5 Steady State Equilibrium; 3 Maximum Sustainable Debt; 4 Conclusion; Appendix; References; The Long Italian Stagnation and the Welfare Effects of Outsourcing; 1 Introduction; 2 Economic Stagnation and Inability of Gaining from Globalization; 3 The Model; 3.1 Households; 3.2 Firms; 3.3 Foreign Trade.
3.4 Market Clearing Conditions and Walras Law4 Results; 5 Conclusions; Appendix: Proof of Propositions; References; Part II Economic Growth, Technological Change, and Climate Policy; Status, Wealth Distribution, and Endogenous Economic Growth; 1 Introduction; 2 Status; 3 The Distribution of Relative Wealth; 4 Relative Wealth Distribution and Endogenous Growth; 5 Discussion of the Results; Appendix; References; Technological Change in Information and Communication: Consequences for Science; 1 Introduction; 2 Changes in the System of Science; 3 Time of Oblivion; 4 Doom of Causality?