Showing 1 - 10 of 31
We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in euros. We construct and calibrate a simulation model to...
Persistent link: https://www.econbiz.de/10003811853
This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas anticipation amplifies volatility in any purely forward-looking model, such as the baseline New Keynesian model, the results are ambiguous when including a backward-looking component. In addition to these...
Persistent link: https://www.econbiz.de/10003872035
development and even more robust than variables measuring the integration into the EU. This allows for some optimism about the … incentives for good governance. -- EU ; NATO ; transition economies ; institutional change ; governance …
Persistent link: https://www.econbiz.de/10003694112
accounting also for the possibilities of purchasing international carbon credits from outside the EU. A computable general … equilibrium model is then used to assess the cost efficiency of current EU climate strategies. Finally, based both on the …
Persistent link: https://www.econbiz.de/10003301167
It is conventionally held that countries are worse off by forming a monetary union when it comes to macroeconomic stabilization. However, this conventional view relies on assuming that monetary policy is conducted optimally. Relaxing the assumption of optimal monetary policy not only uncovers...
Persistent link: https://www.econbiz.de/10010202935
of Asian suppliers and hosts as a result of EU integration deepening and widening in the nineties. Based on recent …), trade resistance factors on the EU import side can be explained mainly by slow growth in Europe in the first half of the … of the Europe Agreements. As trade overlaps between Asian and CEE supply on EU markets are low, the trade diversion fear …
Persistent link: https://www.econbiz.de/10011472114
This paper examines the transition process within Eastern Europe and the integration process with the EU and shows that … the requirements for the transition towards a market economy overlap with the requirements for EU accession. Furthermore … economic development between the Central and Eastern European countries and the EU. The paper argues that the acceding …
Persistent link: https://www.econbiz.de/10011472269
The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … effect. Based on additional simulations of the expected flows to ten transition economies, we conclude that for the EU …
Persistent link: https://www.econbiz.de/10011472489
competencies in the EU - and presents some implications of NIE for economic policy making, research and advisory activities. …
Persistent link: https://www.econbiz.de/10011490672
The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from …
Persistent link: https://www.econbiz.de/10011490871