The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries … the internal market of the EU. This would increase the wedge between members and non-members of the euro area …

such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … rule of the Maastricht Treaty had a significant impact on political budget cycles in the EU, but did little to constrain … fiscal rule in the EU has vanished. Next, we discuss the importance of budgetary institutions for the effectiveness of fiscal …

-age population). Slightly over a half of these migrants travel for work to the EU. This study discusses the impact of this large pool … of migrants on both the sending and receiving countries. It also assesses how liberalisation of the EU visa regime …, something that the EU is currently negotiating with Ukraine, will affect the stream of Ukrainian labour migrants to EU countries …

This paper provides a study of bond yield differentials among EU government bonds issued between 1993 and 2005 on the … by EU countries and Germany or the USA contain risk premiums which increase with fiscal imbalances and depend negatively …

procedures in EU countries on public finances. It briefly describes the main pattern of budgetary institutions and their … determinants across the EU 15 member states. Empirical evidence for the time period 1985-2004 suggests that the centralisation of …