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Public pensions in the national accounts and public finance targets
Oksanen, Heikki - 2004
Preparations are underway to revise national accounting to implement actuarial recording of pension liabilities for corporations and government as an employer. This paper extends this to unfunded public pensions with the help of "implicit tax" in pension contributions. The clearest advantages of...
Persistent link: https://www.econbiz.de/10011449487
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Reforming pensions in Europe : economic fundamentals and political factors
Schneider, Ondřej - 2009
This paper analyzes pension reforms in Europe and their determinants. As pension reforms are intrinsically difficult to define and pinpoint, we introduce an alternative measure of pension reforms by comparing long-term forecasts of pension expenditures for seventeen European countries. The...
Persistent link: https://www.econbiz.de/10003813619
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Harmonisation of old-age security within the European Union
Übelmesser, Silke - 2003
Not sufficiently harmonised national pension systems within the European Union distort the allocation of labour and endanger redistributive activities. This paper identifies the most decentralised level of harmonisation which guarantees efficient allocation and enables redistribution. For this,...
Persistent link: https://www.econbiz.de/10011404310
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The fragility of two monetary regimes : the European monetary system and the Eurozone
Ji, Yuemei; De Grauwe, Paul - 2013
We analyze the similarities and the differences in the fragility of the European Monetary system (EMS) and the Eurozone … foreign exchange markets while in the Eurozone it was the absence of a lender of last resort in the long-term government bond … Eurozone the roles were reversed. The national central banks that became part of the Eurosystem were strengthened. This came at …
Persistent link: https://www.econbiz.de/10010210104
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The monetary policy of the ECB : a Robin Hood approach?
Drometer, Marcus; Siemsen, Thomas; Watzka, Sebastian - 2013
We derive four sets of counterfactual national interest rate paths for the 17 Euro Area countries for the time period 1999 to 2012. They approximate desirable national interest rates countries would have liked to implement if they could still conduct independent monetary policy. We find that...
Persistent link: https://www.econbiz.de/10009724004
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What do we really know about fiscal sustainability in the EU? : a panel data diagnostic
Afonso, António (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003641707
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The trade and FDI effects of EMU enlargement
Brouwer, Jelle Hindriks (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003612738
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Fiscal policies and business cycles in an enlarged euro area
Stæhr, Karsten (contributor) - 2007
Persistent link: https://www.econbiz.de/10003496514
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Does the Euro-zone diverge? : a stress indicator for analyzing trends and cycles in real GDP and inflation
Flaig, Gebhard (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003496544
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Forecasting Euro area real GDP : optimal pooling of information
Hülsewig, Oliver (contributor); Mayr, Johannes (contributor) - 2008
This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are derived by optimally pooling the information contained in national indicator series. Following the ideas of predictive modeling, we construct the area-wide indicators by...
Persistent link: https://www.econbiz.de/10003749431