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Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10014410988
Copublished with the Brookings Institution, Washington D.C. and the Centre for Economic Policy Research, London, and edited by Ralph Bryant, David Currie, Jacob A. Frenkel, Paul Masson, and Richard Portes, this volume considers economic interdependence among well developed countries as well as...
Persistent link: https://www.econbiz.de/10014400006
Many regions on the EU Eastern borders have developed favourably after the opening up of the border and the implementation of association agreements with the CEECs. This was often seen as a positive sign for the further perspectives of these regions after EU enlargement. In this paper we take a...
Persistent link: https://www.econbiz.de/10010957332
The paper aims to explore international trade flows of the countries involved in the EU eastward enlargement processes – the current EU members (EU15) and the candidate countries (CC12). The empirical results of the study allow us to conclude that the behaviour of bilateral trade flows within...
Persistent link: https://www.econbiz.de/10010957403
border regions in the EU27 since they are likely to play a critical role within the spatial dynamics initiated by integration …. Departing from a three-region economic geography model we investigate whether changes in market access released by integration … result in above-average integration benefits in border regions. …
Persistent link: https://www.econbiz.de/10010957458
emphasis on the recent turmoil period, it studies the question of financial integration in various markets: equity markets are …
Persistent link: https://www.econbiz.de/10011212049
border regions in the EU27 since they are likely to play a critical role within the spatial dynamics initiated by integration …. Departing from a three-region economic geography model we investigate whether changes in market access released by integration … result in above-average integration benefits in border regions. …
Persistent link: https://www.econbiz.de/10005320465