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International transmission and monetary policy cooperation
Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008
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
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Scale, diversity, and determinants of labour migration in Europe
Zaiceva, Anzelika (contributor);  … - 2008
While global migration is increasing, internal EU migration flows have remained low. This paper contributes to a better … including the recent Eastern enlargements. The determinants of migration before and after the 2004 enlargement and in the EU15 … and EU10 countries are analysed using individual data on migration intentions. In addition, perceptions about the size of …
Persistent link: https://www.econbiz.de/10003737640
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Fiscal consolidation in the euro area : long-run benefits and short-run costs
Coenen, Günter (contributor); Mohr, Matthias (contributor);  … - 2008
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
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European labour mobility : challenges and potentials
Zimmermann, Klaus F. (contributor) - 2004 - [Elektronische Ressource]
European Union economies are pressed by (i) a demographic change that induces population ageing and a decline of the workforce, and (ii) a split labour market that is characterized by high levels of unemployment for low-skilled people and a simultaneous shortage of skilled workers. This lack of...
Persistent link: https://www.econbiz.de/10002504194
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The New Area-Wide Model of the euro area : a micro-founded open-economy model for forecasting and policy analysis
Christoffel, Kai (contributor); Coenen, Günter (contributor) - 2008
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
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Migration in an enlarged EU : a challenging solution?
Kahanec, Martin (contributor);  … - 2008
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
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Migration in an enlarged EU : a challenging solution?
Kahanec, Martin (contributor);  … - 2008
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
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Labor mobility and the integration of European labor markets
Zimmermann, Klaus F. - 2009
who have been trained in Europe could set a new course. -- Migration ; migration effects ; EU Eastern enlargement ; free …
Persistent link: https://www.econbiz.de/10003809161
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Lessons from migration after EU enlargement
Kahanec, Martin; Zaiceva, Anzelika; Zimmermann, Klaus F. - 2009
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
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Europäische Medienmärkte: Die Rolle der Wettbewerbspolitik
Budzinski, Oliver - 2008
Persistent link: https://www.econbiz.de/10003864444