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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

Global Trade in Final Goods and Intermediate Inputs : Impact of FTAs and Reduced 'Border Effects'

Franco-Bedoya, Sebastian - 2020

International trade in manufacturing goods has risen strongly over the past decades, contributing to the expansion of global value chains (GVCs). This paper studies how two factors contributed to this rise since 1970: (i) declining “border effects” that are arguably related to the ICT...

Persistent link: https://www.econbiz.de/10012833969

Are Preferential Agreements Beneficial to EU Trade? New Evidence from the EU-South Korea Treaty

Quintieri, Beniamino; Stamato, Giovanni - 2023

This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade … disaggregated data, we quantify both the trade impact and the observed heterogeneity in the FTA estimates. In line with literature …, we find that the FTA exerted asymmetric effects in bilateral exports across directions of trade. Compared to previous …

Persistent link: https://www.econbiz.de/10014356357

The Impact of Extreme Weather Events on Budget Balances and Implications for Fiscal Policy

Lis, Eliza M. - 2009

This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...

Persistent link: https://www.econbiz.de/10013159926

Labour Tax Reforms, Cross-Country Coordination and the Monetary Policy Stance in the Euro Area : A Structural Model-Based Approach

Jacquinot, Pascal - 2018

rest of the EA - REA), the US, and the rest of the world, region-specific labour markets with search and matching frictions …

Persistent link: https://www.econbiz.de/10012928551

Global Models for a Global Pandemic : The Impact of COVID-19 on Small Euro Area Economies

Garcia, Pablo; Jacquinot, Pascal; Lenarčič, Črt; … - 2021

This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...

Persistent link: https://www.econbiz.de/10013323904

The Effects of Monetary Policy on Unemployment Dynamics Under Model Uncertainty : Evidence from the US and the Euro Area

Altavilla, Carlo; Ciccarelli, Matteo - 2021

This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...

Persistent link: https://www.econbiz.de/10013316324

Trade integration of Central and Eastern European countries: lessons from a gravity model

Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2005

The aim of the paper is to analyse the factors behind the rapid trade integration of the Central and Eastern European countries with the euro area in the past ten years and to gauge the potential for further integration. We use as benchmark an enhanced gravity model estimated with a large sample...

Persistent link: https://www.econbiz.de/10011604591

Mars or Mercury Redux : The Geopolitics of Bilateral Trade Agreements

Eichengreen, Barry - 2019

We analyze the role of economic and security considerations in bilateral trade agreements. We use the pre-World War I …

Persistent link: https://www.econbiz.de/10012891795

How is Real Convergence Driving Nominal Convergence in the New EU Member States?

Lein, Sarah M.; Leon-Ledesma, Miguel A.; Nerlich, Carolin - 2021

The purpose of this paper is to evaluate the empirical relevance of real convergence on the process of nominal convergence for the new EU Member States. We discuss two of the main channels through which real convergence could affect relative prices with respect to the euro area: productivity...

Persistent link: https://www.econbiz.de/10013316776

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