Showing 1 - 10 of 38
analyzed in combination with the situation in the rest of the euro area. To take this into account, a small macroeconometric … model is constructed that models the euro area as consisting of two regions, Germany and the rest of the euro area. The rest … monetary policy or of exchange rate changes on economic activity in Germany and the euro area. …
Persistent link: https://www.econbiz.de/10010265489
Globalization has affected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign...
Persistent link: https://www.econbiz.de/10010260529
Persistent link: https://www.econbiz.de/10010261683
Despite the single currency, yields on government bonds in the Euro Area deviate from German bond yields. These bond … the Euro area at least between 2003 and the take-off of the financial crisis. During the financial crisis default risks or …
Persistent link: https://www.econbiz.de/10010265252
Developing Countries have been particularly worried by the single-market-program since the EC absorbs more than a third … market. With the exception of agricultural economies specialized on specific products, the net welfare effect of EC-1992 will …
Persistent link: https://www.econbiz.de/10010265299
Pending EU widening to the East has revived concerns in Lalin America that Europe may become more inward-looking. However, booming trade and foreign direct investment (FDI) relations between current EU members and Central and Eastern European countries (CEECs) are unlikely to harm I^itin...
Persistent link: https://www.econbiz.de/10010265342
Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of concurrent trade and investment liberalisation....
Persistent link: https://www.econbiz.de/10010265368
number of the regulations in the product market, the environmental arena, and the capital market. The maneuvering space for …
Persistent link: https://www.econbiz.de/10010265421
The analysis of Baltic regional trade patterns reveals that during the nineties the Baltic states made significant progress to integrate into the Western European division of labour although a significant share of (transit) trade with Russia remained. In view of this development, history seems...
Persistent link: https://www.econbiz.de/10010265516
In the nineties, the German economy grew about half a percentage point less than the rest of the European Monetary Union (EMU). The paper deals with differences in fiscal policy as a potential reason for this. At least a part of the “growth gap” between Germany and the rest of the EMU can be...
Persistent link: https://www.econbiz.de/10010265528