Showing 1 - 10 of 15
fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership …
Persistent link: https://www.econbiz.de/10005123517
Der Beitrag skizziert zentrale Entwicklungstendenzen des Diskurses um ehrenamtliche Tätigkeit in den letzten etwa 30 Jahren. Dabei werden die Probleme der empirischen Erfassung des Wandels der Ehrenamtlichkeit verdeutlicht. Im Anschluss an die konzeptionelle Diskussion erfolgen Analysen zu...
Persistent link: https://www.econbiz.de/10005017377
We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …
Persistent link: https://www.econbiz.de/10005067658
the convergence criteria will be able to adopt a single currency, while the remaining peripheral countries will continue … to use their national monetary instrument until monetary convergence is attained. In this paper we accept the core …
Persistent link: https://www.econbiz.de/10005124078
Structural vector autoregressions are used to analyse the relationship between real output and relative prices within the European Union (EU) and the United States. Relative price variability appears to be more important for adjustment within the EU than the United States, reflecting the lower...
Persistent link: https://www.econbiz.de/10005067643
The view is widespread that there are just two options for the future of the Eurozone – either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10010556928
It is widely argued that Europe's unified monetary policy calls for international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...
Persistent link: https://www.econbiz.de/10005123582
The paper emphasizes the distinction between the purely fiscal reasons for fiscal policy coordination under EMU (given a credible low-inflation policy by the ECB), and the spillover effects of an uncoordinated fiscal policy on monetary policy. The worst scenario is where an independent ECB sets...
Persistent link: https://www.econbiz.de/10005497718
This paper studies the strategic interaction of Euroland's national macroeconomic players and the ECB council under two alternative assumptions on central bank behavior: (i) all members of the ECB council are concerned about Euroland's macroeconomic aggregates and (ii) the ECB council is...
Persistent link: https://www.econbiz.de/10005504342
This paper analyses the smoothing of asymmetric shocks to output for a sample of OECD countries. The research finds no evidence of large differences in the patterns of risk sharing for the 19 OECD countries, the EU-15 or euro-area countries, for the period 1970-1999. However, there were shown to...
Persistent link: https://www.econbiz.de/10005696488