Showing 1 - 10 of 15
In 2015, the EU regional / cohesion policy has passed its 40th anniversary. During this time, it has undergone various …
Persistent link: https://www.econbiz.de/10011452588
This paper estimates the costs of EU restraints on trade in textiles and clothing. After explaining the methods used …, we examine the impact of an opening up of EU trade in textiles and clothing, inter alia to those economies where the … the EU. It turns out that in 1997 EU consumers paid roughly ECU 25 billion more for T&C products, due to quotas, tariffs …
Persistent link: https://www.econbiz.de/10011472459
Based on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe have changed after the Maastricht Treaty came into force. Recently Giavazzi, Jappelli and Pagano (2000) found evidence that national saving responds nonlinearly to fiscal policy...
Persistent link: https://www.econbiz.de/10011474247
This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane which yields the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated...
Persistent link: https://www.econbiz.de/10011476356
The paper discusses the decisions on the CAP in the context of the Berlin summit. In a rather broad perspective the agricultural sectoral and related objectives are analyzed for their consistency and compatability with higher ranking societal objectives. The policies' allocational and...
Persistent link: https://www.econbiz.de/10011476556
The large Public Sector Purchase Programme (PSPP) which the ECB started in 2015 on the basis of monetary policy purposes, had major side-effects on fiscal policy. One concerns the programme´s uncommon seigniorage effects. We find that the PSPP not only led to partly negative seigniorage gains,...
Persistent link: https://www.econbiz.de/10011880129
The objective of this paper is to assess the likely allocation effects of the current cli-mate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the...
Persistent link: https://www.econbiz.de/10002603126
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, no national monetary policies have been implemented that could account for volatility differences across...
Persistent link: https://www.econbiz.de/10003827228
cumbersome bureaucratic requirements. When the sample is split between EU and non-EU countries, the time tax turns out to have a … negative effect only in EU countries and the bribe tax only in non-EU countries. This suggests that the institutional …
Persistent link: https://www.econbiz.de/10003976886
competing usages. For this reason, the European Union (EU) adopted the Marine Strategy Framework Directive (MSFD), which is to … guide future maritime policy in the EU and aims at achieving or maintaining a good environmental status (GES) of the … ; environmental valuation ; EU Marine Strategy Framework Directive ; Europe …
Persistent link: https://www.econbiz.de/10009507178