Despite numerous studies on labor supply, the size of elasticities is rarely com- parable across countries. In this paper, we suggest the first large-scale international comparison of elasticities, while netting out possible differences due to methods, data selection and the period of...

This paper presents a small-open-economy model calibrated to Irish data. The model can be used for many purposes. It is applied here to the EMU debate. I comes close to replicating the employment eeffects of sterling weakness reported in the recent ESRI study.

The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the Eu cohesion countries. We draw on previous modelling research on the cohesion economies to construct and calibrate a small macrosectoral model of the Czech...

De Grauwe follows McKinnon in arguing that "for a very open economy the exchange rate is a particularly ineffective instrument." Since most countries are becoming more open this suggests that the exchange rate instrument is declining in importance. We identify a set of circumstances under which...

This paper analyses the potential of discriminatory EU enlargement to influence these trade flows. In particular, we present evidence to suggest that enlargement to include some, but not all, of the CEEC's may have a greater potential for trade diversion with production in the new member states...

This paper studies the impact of economic and monetary union on the cohesion process, and specifically on the four cohesion countries - Greece, Spain, Portugal and Ireland. Trade integration, or economic union, is judged likely to promote cohesion. Monetary union has more ambiguous effects. The...

This paper is primarily concerned with the effects of cheap grain on European wages, profits and rents. it brings a quantitative focus to bear on the question, just as Knick Harley (1978, 1980, 1986) and others have examined the quantitative implications of the grain invasion for the new world....