in the Council of Ministers, restructuring the ECB's Governing Council, and the setting of enlargement “examination … democratic legitimacy in an EU 27. We believe, however, that the impact of enlargement on the ECB's Governing Council merits also …, we argue that undertaking these reforms before enlargement should be a priority, not a precondition. Specifically, the EU …

accession and during the period following EU accession but prior to EMU membership. We conclude that from an economic point of … view, EMU membership should be as early as possible, preferably at the same time as EU membership. The prevailing … interpretation of the exchange rate criterion for EMU membership is that it requires two years of successful membership in the …

and persistent unemployment compared to Estonia during the period of EU enlargement. Traditional labour market … others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … enlargement, which led to a modernization of many sectors in Eastern countries and to a fast decline of traditional industries and …

Economic and Monetary Union (EMU) depends on institutions and preferences. We then use the calibrated model to analyse how EMU … those that affect the long-run unemployment rate. …

inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …

We incorporate equilibrium unemployment due to imperfect matching into a model of trade in intermediate inputs (Ethier … each intermediate input. Steady state unemployment is reduced after trade integration because more vacancies are opened … firms that is often associated with deeper trade integration is unlikely, per se, to increase unemployment. …