Theoretical and empirical studies show that the level and volatility of exchange rates can have significant effects on foreign direct investment (FDI). But the evidence is ambiguous, with the impact of exchange rates being heterogeneous across countries and types of investment, and varying over...

Enlargement of the European Union in May 2004 was followed by an increase in migration from the poorest of the central and eastern European New Member States (NMS) to other Member States. We consider the macroeconomic impacts of these migration flows across Europe, highlighting impacts in...