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Banking and Debt Crisis in Europe: The Dangerous Liaisons?
Candelon, Bertrand; Palm, Franz - CESifo - 2010
The potential mutation of the Sub-Prime banking crisis into a sovereign debt one in Euro area countries is investigated. After reviewing the criteria used to measure the debt vulnerability, the balance sheet approach (BSA) is presented in order to illustrate the potential connections between...
Persistent link: https://www.econbiz.de/10008583677
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Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and other Culprits
Egert, Balazs - CESifo - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special … Balassa-Samuelson effect is not an important driver of inflation rates. By contrast, we find that the initial price level and … regulated prices strongly affect inflation outcomes in a nonlinear manner and that the extension of Engel’s Law may hold during …
Persistent link: https://www.econbiz.de/10008596582
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TAFTA: fuelling trade discrimination or global liberalisation?
Siebert, Horst; Langhammer, Rolf J.; Piazolo, Daniel - Institut für Weltwirtschaft (IfW) - 1996
This paper analyses the prospects and problems of a Transatlantic Free Trade Area (TAFTA) between the European Union and the United States. Possible economic reasons for the proposal of TAFFA such as the intensity of bilateral trade and a strong interdependence in investment flows and the...
Persistent link: https://www.econbiz.de/10009276174
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The growth effects of R&D spending in the EU: A meta-analysis
Kokko, Ari; Tingvall, Patrik Gustavsson; Videnord, Josefin - Institut für Weltwirtschaft (IfW) - 2015
In this paper the authors conduct a meta-analysis to examine the link between R&D spending and economic growth in the EU and other regions. The results suggest that the growth-enhancing effect of R&D in the EU15 countries does not differ from that in other countries in general, but it is less...
Persistent link: https://www.econbiz.de/10011269108