Showing 1 - 10 of 496
This paper examines the macroeconomic impact of migration on income convergence in the EU''s New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...
Persistent link: https://www.econbiz.de/10014401328
This paper investigates whether a regional bloc would enlarge or remain stagnant in size using a model where enlargement is the endogenous outcome of the interaction between the supply of and demand for membership. We show that a maximum size of the bloc exists beyond which the regional...
Persistent link: https://www.econbiz.de/10014400446
The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro area could more than double, with the vast majority of accession countries being...
Persistent link: https://www.econbiz.de/10014399555
In this paper, we use a structural vector autoregression model to identify and compare demand and supply shocks between euro area countries and central and eastern European countries (CEECs). The shocks and the shock adjustment dynamics of these countries are also compared to EU countries that...
Persistent link: https://www.econbiz.de/10014401455
UK economy to the postaccession surge in immigration. Simulations show that immigration is likely to have positive …
Persistent link: https://www.econbiz.de/10014400579
This paper uses census and household survey data on Cameroon, Ghana, and South Africa to examine immigration's impact … in the context of a segmented labor market in Sub-Saharan Africa. We find that immigration affects (i) employment (ii … the impact depends on the degree of complementarity between immigrants and native workers' skills. Immigration is found to …
Persistent link: https://www.econbiz.de/10012300611
immigrants are analyzed. It is found that immigration is positively related to unemployment in the short run but in the long run …
Persistent link: https://www.econbiz.de/10014400836
and mid-1990s. Using a system of equations for unemployment, labor-force participation, the real wage, and the immigration … that of an increase in domestic labor-force participation. The composition of immigration flows matters, and the proportion …
Persistent link: https://www.econbiz.de/10014401044
This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies pragmatic directions for policymakers. While the ""speed limits"" to capital...
Persistent link: https://www.econbiz.de/10014400318
This paper assesses how various types of financial risk such as credit risk, market risk, and liquidity risk affect banking stability in the ten countries that joined the European Union most recently, and eight neighboring countries. It also examines how the quality of supervisory standards may...
Persistent link: https://www.econbiz.de/10014401160