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With a large-scale econometric world model we derive policy multipliers and the parameters for the utility functions for 10 EMU countries and for the ECB. The gains from cooperation are calculated by comparing two equilibria, a Nash and a cooperative equilibrium. The cooperative equilibrium is...
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A new macroeconomic evaluation of EU enlargement is undertaken with a world macroeconomic model taking into account all … gain around ten times more from enlargement than the EU. On average, enlargement is a win-win game. Hungary and Poland can … percent). The EU on average would gain around ½ percent of real GDP over a six year period. However, the impact is quite …
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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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Round. With a computable general equilibrium model we analyze the four most prominent trade disputes between the EU and the …
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Die EU hat sich mit der Lissabon-Strategie bis 2010 ehrgeizige Ziele gesetzt. Die Union soll zum wettbewerbsfähigsten …-Ziele für die EU insgesamt muss man doch feststellten, dass aggregierte Vergleiche EU-USA nicht immer sinnvoll sind. Der … Durchschnitt der EU trügt in den meisten Fällen. Die EU ist sehr heterogen aus Ländern zusammengesetzt, von denen vor allem viele …
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