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Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks whether monetary policy could not have been improved. In the last three years, Euroland was confronted with the first external shock. Oil prices increased considerably, leading to...
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possible integration effects: trade effects, Single Market effects, factor movements (FDI, migration) and the costs of …
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Since its inception in 1995, more than 312 disputes have been raised under the WTO Dispute Settlement System. Despite the obvious success of this system, several shortcomings call for a revision under the auspices of the Doha Development Round. With a computable general equilibrium model we...
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-tariff barriers (the dismantling of all barriers to trade in goods and services and market access to foreign direct investment) can …
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) approach with a DSGE model for the EU, we adapt an earlier version of the two-country DSGE model for Austria and the Euro area …
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