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Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post-crisis adjustment of European current account deficits was in line with global developments (though more forceful), European current account surpluses defied global trends and increased....
Persistent link: https://www.econbiz.de/10011308003
Standard simple-sum monetary aggregates, like M3, sum up monetary assets that are imperfect substitutes and provide different transaction and investment services. Divisia monetary aggregates, originated from Barnett (1980), are derived from economic aggregation and index number theory and aim to...
Persistent link: https://www.econbiz.de/10010423794
Persistent link: https://www.econbiz.de/10009564376
The economic shock induced by the pandemic has plunged European economies into a recession. Lockdowns and social distancing measures have affected economic life in a substantial way, with industries and population groups facing varying difficulties. This study explores potential future...
Persistent link: https://www.econbiz.de/10012628382
This paper analyses the economic effects of a reallocation of Cohesion Policy expenditures across EU countries. We … evaluate a shift from stronger (i.e. older) Member States to less-developed EU economies (i.e. CEE countries) and vice versa … construct a demand-driven macroeconomic model which spans country models of 21 EU economies and is calibrated based on empirical …
Persistent link: https://www.econbiz.de/10012264955
This paper analyses the effects of the EU Cohesion Policy (CP) on the economic growth of 276 European NUTS-2 regions … variables) and a structural component, we estimate the impact of CP funding on the growth of GDP per capita across EU regions …
Persistent link: https://www.econbiz.de/10012264978
pay in more than they receive - rather than on the broader overall positive effects of EU spending. Thelargest net … regressivesystem of revenue corrections.To inform debate on the 2021-2027 EU budget, I estimated the impact on net balances of the 2018 … EU's "operating budgetary balance" indicator, and on the basis of a new and broader indicator, the "net direct balance …
Persistent link: https://www.econbiz.de/10012302015
could be a prerequisite for the more meaningful discussions on the new EU-UK economic relationship after Brexit, such as ….1 billion, possibly with a large upfront UK payment followed by significant EU reimbursements later. …
Persistent link: https://www.econbiz.de/10011715693
This paper compares financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis-which were supported...
Persistent link: https://www.econbiz.de/10011715721
markets. However, the policy framework proved inadequate in the context of the major financial crisis in the EU starting in … structural institutional change for the EU, arguably the most significant since the introduction of the euro. Even in its current …
Persistent link: https://www.econbiz.de/10011613840