Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU … with the EU was signed exceeded trade growth of the control group of countries which did not become members …

-à-vis the core EU member states (EU-15) over the period 1990-2006. Specifically, we focus on whether there is a shift towards …

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 23 to 32 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

We analyse the determinants of stock market integration among EU member states for the period 19992007. First, we apply … model. By grouping the countries into euro area countries, "old" EU member states outside the euro area, and new EU member …

the redistributive effects of different tax benefit instruments in the enlarged EU based on two approaches. Inequality …