Showing 1 - 10 of 317
A sustainable EU Immigration Policy aims to contribute to a vibrant European society through more effectively and … selectively managed immigration from outside the EU, more attention to integration of immigrants, more rooting out of … have settled. Immigration from outside the EU is often opposed, mainly because of sluggish integration combined with …
Persistent link: https://www.econbiz.de/10011663481
We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...
Persistent link: https://www.econbiz.de/10003636288
In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...
Persistent link: https://www.econbiz.de/10003778833
In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad) Macroeconomic Projection Exercises regularly undertaken by ECB/Eurosystem staff. We present estimation results for the NAWM that are obtained by employing Bayesian inference...
Persistent link: https://www.econbiz.de/10003790951
analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration … hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are … out the difficulties that restrictions on the free movement of workers bring about. -- Migration ; migration effects ; EU …
Persistent link: https://www.econbiz.de/10003793104
analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration … hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are … out the difficulties that restrictions on the free movement of workers bring about. -- Migration ; migration effects ; EU …
Persistent link: https://www.econbiz.de/10003793577
The Eastern enlargement of the EU was an institutional impetus to the migration potential in Europe. While the overall … numbers of migrants from the new member states in the EU15 increased between 2003 and 2007, this increase was distributed … unevenly among countries. The proportion of these migrants in the EU15 remains smaller than that of non-EU27 migrants. The …
Persistent link: https://www.econbiz.de/10003863171
Persistent link: https://www.econbiz.de/10003864444
The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...
Persistent link: https://www.econbiz.de/10003888991
institutional and substantive development of EU Merger Control. Firstly, Impala introduces an ambitious symmetric standard of proof …
Persistent link: https://www.econbiz.de/10003417458