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The Crisis, Automatic Stabilisation, and the Stability Pact

Creel, Jérôme - 2012

This paper describes recent trends on the effectiveness of stabilisers in the European Union. Using both macro evidence on the cyclical sensitivity of budget deficit to economic activity and micro evidence on the tax and expenditure profiles, we conclude, in agreement with the recent literature,...

Persistent link: https://www.econbiz.de/10013112386

Pitfalls in the European Enlargement Process : Financial Instability and Real Divergence

Wagner, Helmut - 2016

Many of the EU accession countries have announced that they will not only try to enter the EU as quickly as possible … countries and for the EU core countries.Viele der EU-Beitrittsländer haben angekündigt, dass sie nicht nur der EU, sondern auch … Spillover-Kosten für die anderen Beitrittsländer und für die EU-Kernländer auftreten …

Persistent link: https://www.econbiz.de/10012991282

Asset Prices in Taylor Rules : Specification, Estimation, and Policy Implications for the ECB

Siklos, Pierre L. - 2016

Persistent link: https://www.econbiz.de/10012991350