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Emu Enlargement, Policy Uncertainty and Economic Reforms
Hefeker, Carsten - 2021
The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this...
Persistent link: https://www.econbiz.de/10013317517
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Hitting and Hoping? Meeting the Exchange Rate and Inflation Criteria During a Period of Nominal Convergence
Lewis, John - 2013
This paper analyses the problem faced by CEECs wishing to join the Euro who must hit both an inflation and exchange rate criterion during a period of nominal convergence. This process requires either an inflation differential, an appreciating nominal exchange rate, or a combination of the two,...
Persistent link: https://www.econbiz.de/10012754017
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Does it Pay to Fulfill the Maastricht Convergence Criteria? - Reflections on the Public Debt and Growth Nexus for Selected European Economies
Bökemeier, Bettina - 2016
the public budget and participation in the Euro-zone. The analysis is based on data of European economies with a special … focus on twelve Euro–zone members and a control group of six non–Euro countries for the years from 1970 to 2014. The results … European economies outside the Euro–zone shows higher growth values for Euro–members than for the control group. Regression …
Persistent link: https://www.econbiz.de/10012978070
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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar Hubertus; Schnabl, Gunther; Zemanek, Holger - 2021
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10013316298
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Trade, Integration, and Interregional Inequality
Hirte, Georg - 2014
We study the effect of international trade and freeness of trade (openness) on interregional inequality within countries. We estimate a model derived from a structural economic-geography approach in which interregional inequality depends on weighted trade shares and trade costs. In addition to...
Persistent link: https://www.econbiz.de/10013052070
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Economic Geography within and between European Nations : The Role of Market Potential and Density across Space and Time
Brakman, Steven; Garretsen, Harry; van Marrewijk, Charles - 2021
In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...
Persistent link: https://www.econbiz.de/10013316369
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The Impact of Changes in Second Pension Pillars on Public Finances in Central and Eastern Europe
Égert, Balázs - 2012
This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems. The paper seeks to answer the following questions: what is the impact on the sustainability of Poland's...
Persistent link: https://www.econbiz.de/10013107061
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On the Bilateral Trade Effects of Free Trade Agreements between the EU-15 and the CEEC-4 Countries
Caporale, Guglielmo Maria - 2008
The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of Free Trade Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU-15) and the Central and Eastern European countries...
Persistent link: https://www.econbiz.de/10012769922
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Can and Should the EU's Eastern Partnership Be Saved?
Gylfason, Thorvaldur - 2014
In a major setback for the EU, only two of four Eastern Partnership countries actually initialed Association Agreements at the Vilnius Summit in November 2013. This paper asks what went wrong and what can be done about it. Using a gravity model to estimate the effects of deep and shallow free...
Persistent link: https://www.econbiz.de/10013050477
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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