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In the current slowdown in Europe, the United States and Japan, policy makers are vexed by the question when a recovery will come. This is the wrong question. The issue should be how a higher growth path can be reached in the long run, i.e., how the potential growth rate of our economies can be...
Persistent link: https://www.econbiz.de/10011451775
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession …
Persistent link: https://www.econbiz.de/10001753578
Persistent link: https://www.econbiz.de/10001737583
paribus, to changes in VAT revenues in the individual EU countries. For instance, the member countries with trade surpluses … type of revenue imbalance among the EU nations. The introduction of the Single Market in 1993 appears to have further … encouraged firms' and households' evasive behaviour in paying VAT in the EU. In order to estimate its relevance, this study …
Persistent link: https://www.econbiz.de/10001773060
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/10001524212
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/10002658281
10 countries from Central and Eastern Europe (CEEC) that will join the EU 2004/7 the banking system is now dominated by …
Persistent link: https://www.econbiz.de/10001807083
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/10003366053
The size of tax evasion and fraud appears to be increasing steadily in the EU. To a certain extent, the completion of … Single Market has further encouraged firms' and households' evasive behaviour in paying value added taxes in the EU Member …. This study primarily deals with the quantification of the VAT evasion and fraud in the EU. On the basis of the national …
Persistent link: https://www.econbiz.de/10014460966