Showing 1 - 10 of 28
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/10011507973
We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
Persistent link: https://www.econbiz.de/10011375699
The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence the implicit entitlement to the 352 billion stock of...
Persistent link: https://www.econbiz.de/10009781634
The paper studies the role of international implications after EU enlargement. Based on a formal model with migration … costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later …
Persistent link: https://www.econbiz.de/10009781677
Persistent link: https://www.econbiz.de/10010530278
While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarises the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also...
Persistent link: https://www.econbiz.de/10011845207
The rapid journey from central planning to EU (euro area) membership stress-tested the social learning processes of the … EU, spurred major reform waves and led to the very rapid introduction of best-practice institutions. Although social … institutions played a dominant role in shaping the transition process. Along with the EU accession process, the EU acted as a …
Persistent link: https://www.econbiz.de/10011920110
Persistent link: https://www.econbiz.de/10002416069
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/10002523041
Persistent link: https://www.econbiz.de/10002021662