stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two …

inflation, other countries both in Europe and elsewhere have also had a decade of low inflation without incurring the costs of a …

The global financial crisis which erupted in the United States instantaneously swept across Europe. Like the United …

, the mean welfare gain from trade integration with Eastern Europe is 0.16%, rang- ing from zero for Portugal to 0.4% for …. For Eastern Europe, comparative advantage is a key determinant of the variation in the welfare gains: countries whose … comparative advantage is most similar to Western Europe tend to gain less, while countries with technology most different from …

complex picture. While Europe has experienced both systematic economic convergence and an increased coordination across …