Showing 1 - 10 of 15
The experiences of the ongoing refugee crisis in Europe highlight the failures of the current model of having the EU … of reception capacity; (B) EU financing of national service provision; and (C) EU service provision in asylum policies. …
Persistent link: https://www.econbiz.de/10011414748
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange rate changes, for a sample of euro area (EA) countries. Our study aims to shed further light on the role of microeconomic factors vs. macroeconomic factors in influencing the...
Persistent link: https://www.econbiz.de/10011613008
Following numerous reforms of fiscal governance in the eurozone since 2011, the year 2016 saw another important innovation: the founding of the European Fiscal Board (EFB) with the selection and appointment of its five members. The EFB was one of the elements envisaged by the Five Presidents'...
Persistent link: https://www.econbiz.de/10011639575
The aggravating turbulences in the market for euro government bonds have so far precluded any recovery from the debt crisis. The key problem is that structural reforms and consolidation measures have long impact lags and are not able to stop an acute self-fulfilling crisis of confidence. In the...
Persistent link: https://www.econbiz.de/10010497246
In this paper we propose a reform of the EU financing system. The two most important elements of our proposal are i) to … make the contribution of taxpayers to the EU budget more visible by showing an EU VAT share on receipts and ii) to increase … the power of the European Parliament in the determination of the structure of EU expenditures by limiting the multiannual …
Persistent link: https://www.econbiz.de/10010528261
Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU … with the EU was signed exceeded trade growth of the control group of countries which did not become members …
Persistent link: https://www.econbiz.de/10003769782
The main goal of regionalization is the creation of free trade areas and the guarantee for countries to accede to a widened market. Many studies dealing with the effects of regional free trade agreements on trade flows already exist in the economic literature and the explosion in the number of...
Persistent link: https://www.econbiz.de/10003590825
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from …
Persistent link: https://www.econbiz.de/10009296317
member states could not reach a collective understanding of the draft directive. Since then, several EU member states have … revenues created by certain digital activities conducted in the EU. Second, it proposes a corporate income tax top-up to be … applied to all companies conducting certain digital activities in the EU. Third, it proposes a tax on digital transactions …
Persistent link: https://www.econbiz.de/10012513979