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Data on output and prices for 11 EC member nations are analyzed to extract information on underlying aggregate supply and demand disturbances using a VAR decomposition. The coherence of the underlying shocks across countries and the speed of adjustment to these shocks are then compared to the...
Persistent link: https://www.econbiz.de/10012778838
new methods to a half century of data, we show that this pattern reflects both ageing and cohort effects. Although voters …
Persistent link: https://www.econbiz.de/10012908473
scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various … euro area is even more unlikely. While other authors have minimized the technical difficulties of reintroducing a national …
Persistent link: https://www.econbiz.de/10012759842
IMF forecasts and the EU's Fiscal Compact foresee Europe's heavily indebted countries running primary budget surpluses …
Persistent link: https://www.econbiz.de/10013050287
incidence of dumping will depend: the number of firms producing for each national market,their costs, their market shares, and …
Persistent link: https://www.econbiz.de/10013220965
Stage 1 (national monetary autonomy) to Stage 3 (centralization of authority). It suggests the need for more thought about … voting and mediation procedures to be used to reconcile and aggregate national interests …
Persistent link: https://www.econbiz.de/10013221304
This paper reconsiders the 1992-3 crisis in the European Monetary System in light of its emerging market successors. That episode was a predecessor of the Mexican and Asian crises in the sense that both capital movements and domestic financial fragility placed important roles. The output effects...
Persistent link: https://www.econbiz.de/10013223315
This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first …
Persistent link: https://www.econbiz.de/10013224188