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This paper examines the objectives and instruments of trade policy in the European Community (EC) from 1987 until mid-1992. It reviews the Community’s institutional setting and policy environment as background to recent trends in EC trade policies and trading arrangements. A discussion of key...
Persistent link: https://www.econbiz.de/10014396138
France and Germany separately. Second, the predictive power of the core-ERM aggregate relative to French and German inflation …
Persistent link: https://www.econbiz.de/10014398759
This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face...
Persistent link: https://www.econbiz.de/10014395833
We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany’s...
Persistent link: https://www.econbiz.de/10014395835
France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings … indicate that accuracy of financial expert deficit forecasts increased in France. Convergence between the European Commission …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …
Persistent link: https://www.econbiz.de/10014412192
There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...
Persistent link: https://www.econbiz.de/10014403060
South Asia needs large infrastructure investments to achieve its development goals, and public investment can also support the Covid-19 recovery. Regression estimates that account for the quantity and quality of investment suggest that public infrastructure was a key driver of productivity...
Persistent link: https://www.econbiz.de/10012613693
Inadequate infrastructure has been widely viewed as a principal barrier to growth and development in Latin America and the Caribbean. This paper provides a comprehensive overview of infrastructure in the region and highlights key areas in which infrastructure networks can be enhanced. The public...
Persistent link: https://www.econbiz.de/10011715358
In this paper, we argue that there is much room for China to strengthen its regulatory framework for public-private partnerships (PPPs). We show that infrastructure projects carried out through local government financing vehicles (LGFVs) were largely unregulated PPPs, and significant fiscal...
Persistent link: https://www.econbiz.de/10011715383
Persistent link: https://www.econbiz.de/10009423185