"Western Europe has welcomed its new members by shutting the door in the face of the workers coming from the East and making their road to EMU more difficult. Two years down the road of enlargement, some countries are now liberalizing worker flows. Indeed, as shown in this paper, these...

"Der Bericht gibt anhand von ausgewählten Veröffentlichungen einen Überblick über die Konsequenzen, die eine gemeinsame Währung für Beschäftigung und Lohn in Europa haben könnte. Folgende Effekte sind denkbar bzw. wahrscheinlich: Mit der Einführung der gemeinsamen Währung verringern...

Western Europe has welcomed its new members by shutting the door in the face of the workers coming from the East and making their road to EMU more difficult. Two years down the road of enlargement, some countries are now liberalizing worker flows. Indeed, as shown in this paper, these...

"Der Bericht gibt anhand von ausgewählten Veröffentlichungen einen Überblick über die Konsequenzen, die eine gemeinsame Währung für Beschäftigung und Lohn in Europa haben könnte. Folgende Effekte sind denkbar bzw. wahrscheinlich: Mit der Einführung der gemeinsamen Währung verringern...

This paper quantifies the welfare differences among a monetary union, flexible exchange rates (economic disintegration) and a monetary plus fiscal transfer union (higher economic integration). The vehicle of analysis is a medium-scale New Keynesian DSGE model consisting of two heterogeneous...

Based on the concept of covered interest parity it is shown that the money markets in Poland, the Czech Republic, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration has strengthened continuously in the review period of...

Based on the concept of covered interest parity it is shown that the money markets in Poland, the Czech Republic, Hungary, and the Slovak Republic meanwhile display a high degree of international integration with the euro area. Integration has strengthened continuously in the review period of...