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The positive border effect of EU integration
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van; … - 2011
, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration … that go along with EU integration along the border. Both at the urban and regional level, we find a beneficial influence of … the EU integration process as measured by the growth in population share along the integration borders, leading to an …
Persistent link: https://www.econbiz.de/10009009598
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Self-fulfilling crises in the Eurozone : an empirical test
De Grauwe, Paul; Ji, Yuemei - 2012
Persistent link: https://www.econbiz.de/10009575314
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Keynesian, non-Keynesian or no effects of fiscal policy changes? : the EMU case
Aarle, Bas van - 2001
This paper studies the experiences with fiscal adjustments in the EuropeanUnion (EU) countries during the transition …
Persistent link: https://www.econbiz.de/10011400376
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Fiscal rules, financial stability and optimal currency areas
De Grauwe, Paul; Foresti, Pasquale - 2015
In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...
Persistent link: https://www.econbiz.de/10010533078
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What's in a second opinion? : shadowing the ECB and the Bank of England
Neuenkirch, Matthias; Siklos, Pierre L. - 2013
Persistent link: https://www.econbiz.de/10009788857
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The crisis and regional resilience in Europe : on the importance of urbanization and specialization
Steven, Brakman; Garretsen, Harry; Marrewijk, Charles van - 2014 - This version:, March 2014
Using a rich data set on the EU regions, we analyze the relevance of two possible determinants of a region's resilience … that started in 2008, as our shock and then analyze how the NUTS II EU regions differ in their resilience to the crisis in … terms of unemployment and real GDP per capita. In prior research it has been well established that (EU) regions differ in …
Persistent link: https://www.econbiz.de/10010337597
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Monetary policy in EMU when the transmission is asymmetric and uncertain
De Grauwe, Paul; Sénégas, Marc-Alexandre - 2003
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10011506467
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Who needs foreign banks?
Gros, Daniel - 2003
10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …
Persistent link: https://www.econbiz.de/10011508110
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Transatlantic monetary and fiscal policy interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484
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Is monetary policy in the eurozone less effective than in the US?
De Grauwe, Paul (contributor); Costa, Cláudia (contributor) - 2005
There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this "ECB-handicap" hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....
Persistent link: https://www.econbiz.de/10003297484