Economics

Can the legal system provide mechanical justice? Using methods and insights from research in market design, Yoan Hermstrüwer explores the mechanics of public matching markets. The design of matching algorithms in compliance with constitutional and legal constraints emerges as a fundamental condition for fair participation in public goods and services.

The European Central Bank's unconventional monetary policy measures culminated in a fundamental dispute between the German Constitutional Court and the European Court of Justice. Against this background, the author analyzes the fundamentals of monetary policy in EU law in light of the macroeconomic functions of monetary policy.

The contributors to this volume explore the future of EU Cohesion Policy, one of the main pillars of the EU budget. With contributions from 15 experts, the volume focuses on the rationale of Cohesion Policy, its economic impacts over 30 years, effectiveness factors, and ways to enhance performance and evaluations.

Globalisation is also a political process. Are its actors aware of their formative role or do they follow the logic of practical constraints? Does supranational integration affirm or limit democracy? And just how significant is law in the context of globalisation? Frank Schorkopf, Jan-Otmar Hesse, Jan Thiessen and Kiran Klaus Pate endeavour to provide answers from historical and legal perspectives.