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The fiscal multiplier of European Structural Investment Funds : aggregate and sectoral effects with an application to Slovenia
Durand, Luigi; Espinoza, Raphael - 2021
public investment at the EU level. We complement these results with a specific application to the case of Slovenia. We first … characterized by fixed exchange rate regimes and sound public investment governance (e.g. Croatia and Slovenia). We also complement …
Persistent link: https://www.econbiz.de/10012613691
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The impact of political uncertainty on asset prices : the case of United Kingdom's EU membership referendum
Hanna, Joseph; Hansen, Niels-Jakob Harbo; MacDonald, Margaux - 2021
How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 …
Persistent link: https://www.econbiz.de/10012517941
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How does taxation affect hours worked in EU new member states?
Velasquez, Agustin; Vtyurina, Svetlana - 2019
Hours worked vary widely across countries and over time. In this paper, we investigate the role played by taxation in explaining these differences for EU New Member States. By extending a standard growth model with novel data on consumption and labor taxes, we assess the evolution of trends in...
Persistent link: https://www.econbiz.de/10012102041
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Brexit referendum and business investment in the UK
Górnicka, Lucyna - 2018
In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' participation in global trade is used as a proxy for firm-level exposure to...
Persistent link: https://www.econbiz.de/10011978381
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Impacton Intra-European Trade Agreements, 1990-2005 : Policy Implications for the Western Balkans and Ukraine
Qiao, Zhaogang - 2007
The paper provides quantitative estimates of the impact of the European trade agreements on trade flows. It applies both static and dynamic panel estimation techniques. The results are useful to policymakers because new intra-European trade agreements are being negotiated. In the absence of a...
Persistent link: https://www.econbiz.de/10014400337
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The Maastricht Inflation Criterion : How Unpleasant is Purgatory?
Bulir, Ales - 2006
The Maastricht inflation criterion, designed in the early 1990s to bring ""high-inflation"" EU countries in line with ""low-inflation"" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the European Central Bank. While the criterion has...
Persistent link: https://www.econbiz.de/10014400367
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Will a Regional Bloc Enlarge?
Albertin, Giorgia - 2007
enlargement is the endogenous outcome of the interaction between the supply of and demand for membership. We show that a maximum … supply side or the demand side of membership might be binding in the determination of the equilibrium size of the bloc … may lead to wider integration when the demand side of membership is binding in the determination of the equilibrium size …
Persistent link: https://www.econbiz.de/10014400446
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Policy Credibility and Sovereign Credit : The Case of New EU Member States
Kumar, Manmohan S. - 2007
References to policy credibility, particularly with regard to fiscal policy, are ubiquitous in both economic literature and financial markets, even though it is not directly observable. The case of the EU new member states (NMS)-emerging markets joining a supranational entity that is generally...
Persistent link: https://www.econbiz.de/10014403003
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The ECB and Euro-Area Enlargement
Berger, Helge - 2002
The likely enlargement of euro-area membership will radically change the environment under which monetary policy will …
Persistent link: https://www.econbiz.de/10014399555
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Interpreting EU Funds Data for Macroeconomic Analysis in the New Member States
Sierhej, Robert - 2007
demand stimulus of up to 1 percent of GDP during the first years of membership. These effects are likely to increase as …
Persistent link: https://www.econbiz.de/10014400132