Showing 1 - 10 of 29
together and that their influence is thus fairly limited. We argue that as the EU seemingly lacks energy to implement further … EU's total population; and even though their economic output is much lower, it rises dynamically. New members' impact on … the EU policies has nevertheless been limited. This is due not only to the arcane voting rules within the EU, but also to …
Persistent link: https://www.econbiz.de/10012768535
early 2000's both in quot;oldquot; and quot;newquot; EU member states. We estimate effects of labour market institutions on …;oldquot; and quot;newquot; EU members …
Persistent link: https://www.econbiz.de/10012769662
We scrutinize the role of capital flows for competitiveness in seven euro-area countries in the context of real convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets. Capital flows are assumed to be...
Persistent link: https://www.econbiz.de/10013012270
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …
Persistent link: https://www.econbiz.de/10013316072
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 …
Persistent link: https://www.econbiz.de/10013094667
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the …
Persistent link: https://www.econbiz.de/10013316298
This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is based on the Generalised Purchasing Power Parity...
Persistent link: https://www.econbiz.de/10013316490
In this paper, we track fiscal authority behaviour in the ten new EU member states (NMS) in the period which … immediately preceded their EU accession. We first present basic stylized facts about public budgets of those countries. The paper …
Persistent link: https://www.econbiz.de/10013317655
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10013081055
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...
Persistent link: https://www.econbiz.de/10013083873