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The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: How do the Maastricht convergence criteria modify optimal monetary policy in an...
Persistent link: https://www.econbiz.de/10003778818
industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it …
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Moldova unilaterally declares its EU membership aspirations and started the process of economic, legal and … the paper the authors made an attempt to assess the competitive and institutional capacity of Moldova in the context of EU … membership. The paper is devoted to transfer know how on Polish experience in EU integration at first stages of the process, with …
Persistent link: https://www.econbiz.de/10014205858
The fifth enlargement of the EU has now brought together twenty five countries, a massive success. But success has its … integrative step. This paper argues that this perception is largely misguided. The EU-25 group is considerably more integrated … than the EU-6 ever was. Dilution is not a necessary consequence of enlargement, rather enlargement is bringing to the fore …
Persistent link: https://www.econbiz.de/10014205863
This paper evaluates the implications of Eastern EU enlargement with the use of a computable general equilibrium model … by 1.4-2.4%) and modest gains for the EU. The steady state scenarios, which allow for the capital stock adjustment in …
Persistent link: https://www.econbiz.de/10014205970
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firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …
Persistent link: https://www.econbiz.de/10003635984