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Globalization, EU enlargement and income distribution

Breuss, Fritz - 2007

factors of production (capital and labor). In contrast, the consequences of FDI from the capital abundant country (EU) to the … country CGE model, including the EU and the CEEC. A panel regression for both regions separately, helps to decide empirically … advantage (increase in global net trade) has contributed to a decline in the labor income shares in the EU. Additionally, those …

Persistent link: https://www.econbiz.de/10011347055

Social union, convergence and migration

Sinn, Hans-Werner; Ochel, Wolfgang - 2003

need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …

Persistent link: https://www.econbiz.de/10011507973

An estimated two country DSGE model of Austria and the Euro Area

Breuss, Fritz; Rabitsch, Katrin - 2008

We present a two-country New Open Economy Macro model of the Austrian economy within the European Union's Economic & Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business cycle facts, and that allows for an investigation of...

Persistent link: https://www.econbiz.de/10011347045

A prototype model of EU's 2007 enlargement

Breuss, Fritz - 2007

EU's 2007 enlargement by Bulgaria and Romania is evaluated by applying a simple macroeconomic integration model able to … Romania spill-over to EU15, including Austria and the 10 new member states of the 2004 EU enlargement. The pattern of the … integration effects is qualitatively similar to those of EU's 2004 enlargement by 10 new member states. Bulgaria and Romania gain …

Persistent link: https://www.econbiz.de/10011347056

EU enlargement and the future of the welfare state

Sinn, Hans-Werner - 2000

The eastern expansion of the EU resembles German unification in its mometousness. Whereas the latter led to a 26 …% increase in the population of the Federal Republic, the former will increase the population of the EU by 28% if all ten entry … and western Eurpean countries, a massive westward migration can be expected after EU expansion. A temporary east …

Persistent link: https://www.econbiz.de/10009781584

Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited

Sinn, Hans-Werner; Feist, Holger - 2000

The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence the implicit entitlement to the 352 billion stock of...

Persistent link: https://www.econbiz.de/10009781634

EU enlargement, migration, and lessons from German unification

Sinn, Hans-Werner - 1999

The paper studies the role of international implications after EU enlargement. Based on a formal model with migration … costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later …

Persistent link: https://www.econbiz.de/10009781677

The effective rate of interest on target balances

Sinn, Hans-Werner - 2019

While the formal decision of the ECB Council to impose interest on Target claims and liabilities is meaningless, this paper shows that the pooling of primary interest income among national central banks in the Eurozone implies that Target and cash balances do, in fact, bear an effective rate of...

Persistent link: https://www.econbiz.de/10012110196

Why has the Euro been falling?

Sinn, Hans-Werner; Westermann, Frank - 2001

This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...

Persistent link: https://www.econbiz.de/10011398903

The ECB's fiscal policy

Sinn, Hans-Werner - 2018

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarises the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also...

Persistent link: https://www.econbiz.de/10011845207