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Trade, factor mobility and the extent of economic integration : theory and evidence

Mikolajun, Irena; Viaene, Jean-Marie - 2015

The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...

Persistent link: https://www.econbiz.de/10011309224

Is hard Brexit detrimental to EU integration? : theory and evidence

Mikolajun, Irena; Viaene, Jean-Marie - 2018

In the struggle between the forces of free trade and the restrictive influence of insularism the latter recently seems to have the upper hand. This is illustrated by the referendum of June 23, 2016 where the United Kingdom (UK) voted to leave the Europea+n Union (EU). In this paper we evaluate...

Persistent link: https://www.econbiz.de/10011892540

European Central Bank

Drometer, Marcus; Siemsen, Thomas; Watzka, Sebastian - 2013

We derive four sets of counterfactual national interest rate paths for the 17 Euro Area countries for the time period 1999 to 2012. They approximate desirable national interest rates countries would have liked to implement if they could still conduct independent monetary policy. We find that...

Persistent link: https://www.econbiz.de/10009724004

Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program

Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014

an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting … sovereign bond purchases on secondary markets, a stable relationship between bank lending rates and government bond rates is of … this relationship by focusing on the reaction of bank lending rates to movements in government bond rates over the period …

Persistent link: https://www.econbiz.de/10010246072

Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program ; conference paper

Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014

safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting … sovereign bond purchases on secondary markets, a stable relationship between bank lending rates and government bond rates is of … this relationship by focusing on the reaction of bank lending rates to movements in government bond rates over the period …

Persistent link: https://www.econbiz.de/10010480578