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Fiscal Policies and Business Cycles in an Enlarged Euro Area
Staehr, 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
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Did Austerity Cause Brexit?
Fetzer, Thiemo - 2018
the single most important correlate of the subsequent Leave vote in the 2016 European Union (EU) referendum, along with … specific welfare reforms as well as broader measures of political preferences. The results suggest that the EU referendum could …
Persistent link: https://www.econbiz.de/10012910997
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Voting in the European Union - Central Europe's Lost Voice
Schneider, Ondrej - 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
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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
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Money Can't Buy EU Love : European Funds and the Brexit Referendum
Fidrmuc, Jan - 2016
remaining in the EU. Somewhat surprisingly, the intensity of immigration from the EU is positively correlated with the Remain …
Persistent link: https://www.econbiz.de/10012979586
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Beyond Balassa and Samuelson : Real Convergence, Capital Flows, and Competitiveness in Greece
Belke, Ansgar Hubertus - 2015
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
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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
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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
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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
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Enlargement versus Deepening : The Trade-Off Facing Economic Unions
Lorz, Oliver - 2012
This paper analyzes the relationship between the size of an economic union and the degree of policy centralization. We consider a political economy setting in which elected representatives bargain about the degree of centralization within the union. In our model strategic delegation affects the...
Persistent link: https://www.econbiz.de/10012754994