Showing 1 - 10 of 118
This paper assesses the consequences of EU enlargement for East West migration. In the theoretical part, we identify … several factors in addition to the reduction of moving costs by which EU membership influences migration. Specifically, EU … accession affects income gaps. Moreover, if EU membership is refused, fear of future restrictions on immigration will lead to …
Persistent link: https://www.econbiz.de/10013428311
The paper applies standard public choice reasoning to the negotiations on EU enlargement and the Treaty of Nice. The … present EU countries are respected. Decisive actors in the West are the members of the European Parliament, individuals in … post-entry position of new members. The Intergovernmental Conference is reinterpreted as an opportunity of EU-15 actors to …
Persistent link: https://www.econbiz.de/10013428342
not economic necessity have dictated the consolidation in the EU during the 90s. …
Persistent link: https://www.econbiz.de/10000683878
Persistent link: https://www.econbiz.de/10000975153
This paper evaluates the appropriateness of the standard methodologies and the quality of the data frequently used to analyse labour market dynamics in Europe. Our results indicate that, due to recall error and heterogeneous survey design, the retrospective approach tends to result in a...
Persistent link: https://www.econbiz.de/10001597535
We study how households adjust their medium-term inflation expectations under the new ECB strategy. We find that survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a symmetric 2% target. Yet,...
Persistent link: https://www.econbiz.de/10014391441
We study how households adjust their medium-term inflation expectations under the new ECB inflation targeting strategy. Survey respondents make little difference between the previous strategy of targeting inflation rates close to but below 2% and the new strategy with a 2% point target....
Persistent link: https://www.econbiz.de/10015323846
In recent years, major exporting economies experienced rising geopolitical risk. From the perspective of the US and the euro area, we employ detailed product data panels to study the consequences of trading-partner geopolitical risk shocks on bilateral imports. We find that these shocks lower...
Persistent link: https://www.econbiz.de/10015205272
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010258716
In this paper, we use detailed data on the sovereign debt holdings of all German banks to analyse the determinants of sovereign debt exposures and the implications of sovereign exposures for bank risk. Our main findings are as follows. First, sovereign bond holdings are heterogeneous across...
Persistent link: https://www.econbiz.de/10009787584