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The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: How do the Maastricht convergence criteria modify optimal monetary policy in an...
Persistent link: https://www.econbiz.de/10003778818
industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it …
Persistent link: https://www.econbiz.de/10008659411
European Union (EU) in the 1973, 1980s, 1995 and 2004 enlargements, if those countries had not joined the EU. We find large … positive effects from EU membership but these differ across countries and over time (they are only negative for Greece). We …
Persistent link: https://www.econbiz.de/10010350820
Persistent link: https://www.econbiz.de/10001660053
Eastern European and Former Soviet Union countries diverged massively. Institutions are a main reason. The EU anchor thesis … posits that the prospect of membership in the European Union (EU) played a key role in filling in the institutional vacuum …, focusing on whether the prospect of EU membership accelerated institutional development and, if so, whether this was indeed …
Persistent link: https://www.econbiz.de/10012792626
For decades, countries aspiring to join the European Union (EU) have been linked to it through migration. Yet little is … known about how migration affects individual support for joining the EU in prospective member states. We explore the … relationship between migration and support for EU accession in the Western Balkans. Using data from the Gallup Balkan Monitor …
Persistent link: https://www.econbiz.de/10011996339
firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …
Persistent link: https://www.econbiz.de/10003635984
the EU-15 shows that horizontal investment promotes the diffusion of the production process across the national border …
Persistent link: https://www.econbiz.de/10003760087
I build a quantitative two-country DSGE model of the European Union (EU) and investigate whether there are welfare … gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in … firms in the new EU countries. When there is no foreign ownership in the new EU countries, the euro area is indifferent …
Persistent link: https://www.econbiz.de/10003358603
the actual implementation of this system would be politically problematic. -- EU enlargement ; migration ; welfare state …
Persistent link: https://www.econbiz.de/10003310966