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This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset prices are allowed to enter the long run relationship. By...
Persistent link: https://www.econbiz.de/10009130684
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …
Persistent link: https://www.econbiz.de/10013316072
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10013318195
This paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU …
Persistent link: https://www.econbiz.de/10013318271
The paper deals with the effects of migration resulting from EU eastern enlargement on the welfare states of Western … is a rational reaction of the state. The proposed new EU constitution, which contains far-reaching rules for a European …
Persistent link: https://www.econbiz.de/10013318799
need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …
Persistent link: https://www.econbiz.de/10013319906
find that the effect of the 2004 EU enlargement has been positive for both intermediate and final goods trade, and it is in …
Persistent link: https://www.econbiz.de/10012197601
Die Studie "EU-Erweiterung und Arbeitskräftemigration" wurde vom ifo Institut für Wirtschaftsforschung , München, im … Bundesministerium für Arbeit und Sozialordnung . Gegenstand der Studie sind die Auswirkungen der geplanten EU-Osterweiterung auf die … EU-Erweiterung werden ökonometrisch fundierte Simulationsrechnungen angestellt, die sich auf die fünf bevölkerung s …
Persistent link: https://www.econbiz.de/10011744064
This paper examines the relevance of the Lucas critique for euro area money demand. Based on the money in the utility function approach, a vector error correction model is specified to investigate the relationship between money and inflation in times of policy shifts. A well defined equation for...
Persistent link: https://www.econbiz.de/10011659976
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...
Persistent link: https://www.econbiz.de/10012863789