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Europe Agreements and Trade Balance : Evidence from Four New EU Members
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - 2021
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...
Persistent link: https://www.econbiz.de/10013316072
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Is Human Capital Losing from Outsourcing? Evidence for Austria and Poland
Lorentowicz, Andzelika - 2006
and Poland that with the new international division of labour emerging in Europe Austria, the high income country, is … specializing in the low skill intensive part of the value chain and Poland, the low income country, is specializing in the high … skill part. As a result, skilled workers in Austria are losing from outsourcing, while gaining in Poland. In Austria …
Persistent link: https://www.econbiz.de/10012783602
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Unconventional Fiscal Policy
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2021
the effectiveness of such policies using changes in value-added tax (VAT) and household survey data for Poland. We find …
Persistent link: https://www.econbiz.de/10013315437
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Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure
D'Acunto, Francesco - 2016
Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price ination, and offer an alternative to unconventional monetary policy (Correia et al. (2013)). We use a natural experiment to study the causal effect of unconventional fiscal...
Persistent link: https://www.econbiz.de/10012995195
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Uncertainty and Hyperinflation : European Inflation Dynamics after World War I
Lopez, Jose A. - 2018
pushing a subset of European countries into hyperinflation shortly after the end of the war. Germany, Austria, Poland, and …
Persistent link: https://www.econbiz.de/10012915083
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Stock Market Integration between Three CEECs, Russia and the UK
Caporale, Guglielmo Maria - 2013
Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and …
Persistent link: https://www.econbiz.de/10013095004
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What Should Fiscal Councils Do?
Calmfors, Lars - 2011
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10013128042
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The Diversity of Debt Crises in Europe
Stein, Jerome L. - 2011
The foreign debts of the European countries are at the core of the current crises. Generally, the crises are attributed to government budget deficits in excess of the values stated in the Stability and Growth Pact (SGP)/Maastricht treaty. Proposals for reform generally involve increasing the...
Persistent link: https://www.econbiz.de/10013130015
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The Positive Border Effect of EU Integration
Brakman, Steven - 2011
Distance related variables typically vary in a cross-section dimension but less so in a time dimension across cities, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration shocks that are informative of the consequences of...
Persistent link: https://www.econbiz.de/10013130414
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The Impact of Fiscal Rules on Public Finances : Theory and Empirical Evidence for the Euro Area
Marneffe, Wim - 2011
This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...
Persistent link: https://www.econbiz.de/10013131350