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provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance … open EU economies, consistent with larger leakage effects. Further direct estimates suggest that fiscal expansions in large … EU economies have non-negligible consequences for economic activity in the main trading partners. This provides a …
Persistent link: https://www.econbiz.de/10003937804
It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...
Persistent link: https://www.econbiz.de/10011400878
10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …
Persistent link: https://www.econbiz.de/10011508110
The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
Persistent link: https://www.econbiz.de/10002749782
decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates …
Persistent link: https://www.econbiz.de/10009781604
While the EU recovery plan provides a useful step in alleviating the economic effects of the coronavirus crisis and …. Such a EU-wide stabilization function would be in accordance with the subsidiarity principle, enshrined in the Treaty of …
Persistent link: https://www.econbiz.de/10012382236
Based on a conjoint survey experiment we explore the support among European citizens for a European Union (EU … designed, there is quite substantial support for such an EU instrument generally and across the sample countries. Support is …
Persistent link: https://www.econbiz.de/10012258505