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Responses to Monetary Policy Shocks in the East and West of Europe : A Comparison

Jarocinski, Marek - 2009

This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...

Persistent link: https://www.econbiz.de/10012765781

Intra-Industry Trade between CESEE Countries and the EU15

Dautović, Ernest - 2014

The rapid increase in intra-industry trade (IIT) between the EU15 and Central, Eastern and South-Eastern European … new process of transition and real convergence to the EU. Using a product-level trade flows database and employing linear … and non-linear panel data specifications, this paper assesses the determinants of intra-industry trade between the EU15 as …

Persistent link: https://www.econbiz.de/10013049577

Exchange Rate Volatility and Growth in Small Open Economies at the EMU Periphery

Schnabl, Gunther - 2008

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies at the EMU periphery. It identifies international trade,...

Persistent link: https://www.econbiz.de/10012773503

Trade Integration of Central and Eastern European Countries : Lessons from a Gravity Model

Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2021

This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...

Persistent link: https://www.econbiz.de/10013318195

Trade with Central and Eastern Europe : Is it Really a Threat to Wages in the West?

Polgar, Eva Katalin - 2010

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/10013138239

Cross-Border Production Chains and Business Cycle Co-Movement between Central and Eastern European Countries and Euro Area Member States

Iossifov, Plamen K. - 2021

In this paper, we highlight the role of global value chains in the synchronization of economic activity between countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of synchronization of the business cycles of CEE countries and their main...

Persistent link: https://www.econbiz.de/10013315647

The Maastricht Convergence Criteria and Optimal Monetary Policy for the EMU Accession Countries

Lipinska, Anna - 2021

The EMU accession countries are obliged to fulfill the Maastricht 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/10013316539

Deeper, Wider and More Competitive? Monetary Integration, Eastern Enlargement and Competitiveness in the European Union

Ottaviano, Gianmarco I.P; Taglioni, Daria; di Mauro, Filippo - 2021

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/10013316662

Determinants of Workers' Remittances : Evidence from the European Neighbouring Region

Schiopu, Ioana C.; Siegfried, Nikolaus - 2021

investment motives using a new panel data set of bilateral flows from 21 Western European to 7 EU neighbouring countries. We find …

Persistent link: https://www.econbiz.de/10013317412

GDP-Inflation Cyclical Similarities in the CEE Countries and the Euro Area

Macchiarelli, Corrado - 2013

cycle and the euro area evolved over time, we find that inflation conditional correlation increased stemming from the EU …

Persistent link: https://www.econbiz.de/10013081633