This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … aim is to assess whether “old” and “new” EU countries are rated differently and to determine whether “new” ones are … intercepts) are a crucial determinant of ratings. Whilst “new” EU countries typically have lower ratings than “old” ones, after …

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the …

approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …

characteristics in 26 European countries (using EU-SILC data) and the US (using CPS data) and find a robust tendency in all countries …