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Fiscal Convergence Before Entering the Emu
Onorante, Luca - 2006
the European Union (EU), followed by participation in the so-called Exchange Rate Mechanism (ERM) II and ultimately entry …
Persistent link: https://www.econbiz.de/10012779801
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The Political Economy Under Monetary Union : Has the Euro Made a Difference?
Fratzscher, Marcel; Stracca, Livio - 2021
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...
Persistent link: https://www.econbiz.de/10013316460
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Fiscal and Monetary Policy in the Enlarged European Union
Pogorelec, Sabina - 2021
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/10013317557
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The fiscal and monetary institutions of CESEE countries
Darvas, Zsolt M.; Kostyleva, Valentina - 2011
This paper examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. CESEE countries tend to grow faster (at least before the crisis) and have more...
Persistent link: https://www.econbiz.de/10008907726
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The impact of the crisis on budget policy in Central and Eastern Europe
Darvas, Zsolt M. - 2009
This paper describes the particular impacts of the financial and economic crisis on central and eastern European (CEE) countries, studies pro-cyclicality of fiscal policies, discusses the impact of the crisis on fiscal policy, and the policy response of various governments. After drawing some...
Persistent link: https://www.econbiz.de/10003874233
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Central European EU accession and Latin American integration : mutual lessons in macroeconomic policy design
Kopits, György - 2002
Persistent link: https://www.econbiz.de/10001712464
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What do we really know about fiscal sustainability in the EU? A panel data diagnostic
Afonso, António; Rault, Christophe - 2007
We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …
Persistent link: https://www.econbiz.de/10011604866
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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
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The politics of 1992 : fiscal policy and European integration
Persson, Torsten; Tabellini, Guido Enrico - 1990
Persistent link: https://www.econbiz.de/10000800160
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Fiscal policy and monetary union : is there a tradeoff between federalism and budgetary restrictions?
Eichengreen, Barry; Hagen, Jürgen von - 1996
Persistent link: https://www.econbiz.de/10000584802