Showing 21 - 30 of 149
unemployment of high- and low-skilled labour. Simulating the effects of Eastern EU enlargement, we find quantitatively small …
Persistent link: https://www.econbiz.de/10001546276
We consider the political economy of a monetary union where member governments attempt to influence the policy of the common central bank. Modeling this as a common agency with incentive contracts, we show that if incentives are all that matters for the bank, the equilibrium implements a...
Persistent link: https://www.econbiz.de/10001554692
value chain. We examine whos is actually bearing the burden of increased energy taxes in the EU-area - consumers or … exporters. Traditional tax incidence theory presumes spot markets. Natural gas in the EU-area, however, is to a large extent …, oil and electricity, for different market segments (households, industry, power generators) in EU countries. Particular …
Persistent link: https://www.econbiz.de/10001610873
The ultimate object of research concerning the Euro is to answer the following questions: (#1) What is the equilibrium trajectory of the nominal euro, measured as dollars/euro? (#2) To what extent has the equilibrium nominal euro been determined by relative prices (PPP), and to what extent has...
Persistent link: https://www.econbiz.de/10001610964
The European population is living longer but retiring earlier. More and more individuals are spending an increasing fraction of their life-time relying on retirement benefits. At the same time, social security programs face mounting financial difficulties. The purpose of this paper is to explain...
Persistent link: https://www.econbiz.de/10001611132
affects revenue, tobacco consumption control, and EU competition. This paper examines the arguments and concludes that a …
Persistent link: https://www.econbiz.de/10001619482
This paper studies the experiences with fiscal adjustments in the European Union (EU) countries during the transition …
Persistent link: https://www.econbiz.de/10001623586
Most macroeconomic models treat the central bank and the treasury as a unified entity. The balance sheet of the central bank is therefore implicitly treated as an accounting fiction. While this is often realistic, the central bank balance sheet today, with the US and ESCB balance sheets nearly...
Persistent link: https://www.econbiz.de/10001623720
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
Persistent link: https://www.econbiz.de/10001410782