Showing 1 - 10 of 27
The ways of decision making within the EU have significantly changed in the last decades: the rule of unanimity has … compensating transfers by using the right of withdrawal: It might threaten to leave the EU if the compensation is denied. Are … as high as in the case of unanimity. In practise, the EU will offer compensating transfers depending on how credible a …
Persistent link: https://www.econbiz.de/10003776195
the paper analyzes different possible developments of selected common policies in the EU if enhanced cooperation is … practised by a sub-group of EU-members. Based on cluster analysis similarities and distinctions among the EU members with …
Persistent link: https://www.econbiz.de/10003314997
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10003797845
the determinants of current account imbalances of EU Member States. As the results show, price competitiveness is …
Persistent link: https://www.econbiz.de/10008666585
In the light of the current economic debt crisis within the Euro zone, the heterogeneity of EU members has becoming … economic integration with the other EU members. Despite the common use of the term "European integration", neither a uniform … integration are hard to quantify, thereby making it almost impossible to argue objectively whether an individual EU member state …
Persistent link: https://www.econbiz.de/10009573504
-zelnen EU-Mitgliedsländern unterschiedlich stark ist. Im vorliegenden Beitrag wird daher ein Integrationsindex vorgestellt, der … den Integrationsgrad der einzelnen Mitgliedstaaten mit den übrigen EU-Partnern bestimmt und auch seine Veränderungen im … den Sub-indizes zeigt sich, dass die Rangordnung der EU-Staaten hinsichtlich ihrer Integrationstiefe zwischen den …
Persistent link: https://www.econbiz.de/10009521631
the economic success of EU states statistically tangible. Firstly, we show in descriptive illustrations that the … theoretically expected characteristics of small countries clearly apply to the current EU states. From the theoretical perspective … influenced by factors other than population size, such as the duration of EU membership, the level of economic development …
Persistent link: https://www.econbiz.de/10009238689
The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...
Persistent link: https://www.econbiz.de/10009303502
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...
Persistent link: https://www.econbiz.de/10009303509
This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from characteristics of successful fiscal rules at the...
Persistent link: https://www.econbiz.de/10009303518