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Beyond the Salassa-Samuelson Effect in Some New Member States of the European Union

García-Solanes, José - 2013

(NMS) and six advanced EU-15 economies. It is found that the second stage of the hypothesis, which relates relative sector … tradable goods. In the EU-15, the explanatory factor is segmentation between national markets of tradables, caused by …

Persistent link: https://www.econbiz.de/10012754035

On the Causes of Brexit

Arnorsson, Agust - 2016

apprehensive of the E.U., consider the enlargement of the E.U. as having gone too far, be suspicious of immigrants and not want …

Persistent link: https://www.econbiz.de/10012981337

SMEs and Access to Bank Credit : Evidence on the Regional Propagation of the Financial Crisis in the UK

Degryse, Hans - 2015

We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks' financial condition before and during the financial crisis. Employing unique data on the geographical location of all bank branches in the UK, we connect firms' access to bank credit...

Persistent link: https://www.econbiz.de/10013019405

Fiscal Rules, Financial Stability and Optimal Currency Areas

De Grauwe, Paul - 2015

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...

Persistent link: https://www.econbiz.de/10013020581

Ordoliberalism, Pragmatism and the Eurozone Crisis : How the German Tradition Shaped Economic Policy in Europe

Feld, Lars P. - 2015

German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...

Persistent link: https://www.econbiz.de/10013021693

Members, Joiners, Free-Riders, Supporters

Ansink, Erik - 2016

We augment the standard cartel formation game from non-cooperative coalition theory, often applied in the context of international environmental agreements on climate change, with the possibility that singletons support coalition formation without becoming coalition members themselves. Rather,...

Persistent link: https://www.econbiz.de/10012994697

Labour Market Institutions and Their Effect on Labour Market Performance in the New EU Member Countries

Fialová, Kamila - 2008

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

Fiscal Policies and Business Cycles in an Enlarged Euro Area

Stæhr, Karsten - 2008

This paper compares the cyclical properties of fiscal policies across the 12 original eurozone countries and the future members from Central and Eastern Europe. For the sample period 1995-2005, the fiscal balance exhibits less inertia and is more counter-cyclical in Central and Eastern European...

Persistent link: https://www.econbiz.de/10012773620

Voting in the European Union - Central Europe's Lost Voice

Schneider, Ondřej - 2008

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 … together and that their influence is thus fairly limited. We argue that as the EU seemingly lacks energy to implement further …

Persistent link: https://www.econbiz.de/10012768535

Catching-Up, Inflation Differentials and Credit Booms in a Heterogeneous Monetary Union : Some Implications for Emu and New EU Member States

MacDonald, Ronald - 2013

In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...

Persistent link: https://www.econbiz.de/10012754168