• Austerity, Fiscal Uncertainty, and Economic Growth: Insights from Fiscally Weak EU Countries 

      Curatola, Giuliano; Donadelli, Michael; Gioffré, Alessandro; Grüning, Patrick (2014-08-08)
      Recent empirical evidence suggests that during the last years fiscally weak European countries significantly cut their R&D budgets in an effort to reduce their deficit, according to the spirit of the Fiscal Compact. We ...
    • Global Temperature, R&D Expenditure, and Growth 

      Donadelli, Michael; Grüning, Patrick; Jüppner, Marcus; Kizys, Renatas (2017-11-15)
      We shed new light on the macroeconomic effects of rising temperatures. In the data, a shock to global temperature dampens expenditures in research and development (R&D). We rationalize this empirical evidence within a ...