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The position of Greece on EMU

Sachinidēs, Philippos - 1993

Persistent link: https://www.econbiz.de/10000886616

Reinforcing stage two in the EMU process

Thygesen, Niels - 1994

Persistent link: https://www.econbiz.de/10000881284

Sovereign default and the euro

Whelan, Karl - 2013

The introduction of the euro meant that countries with sovereign debt problems could not use monetisation and devaluation as a way to prevent default. The institutional structures of the euro were also widely thought to prevent a country in difficulties being bailed out by other euro members or...

Persistent link: https://www.econbiz.de/10009774847

Tax competition in an expanding European Union

Davies, Ronald B.; Voget, Johannes - 2009

This paper empirically examines whether expansion of the EU has increased international tax competition. To do so, we … studies, we find robust evidence for tax competition. In particular, our estimates suggest that EU membership affects … responses with EU members responding more to the tax rates of other members. This lends credence to the above-noted concerns. …

Persistent link: https://www.econbiz.de/10009724406

The future for Eurozone financial stability policy

Whelan, Karl - 2010

The past few months have exposed serious problems in relation to Europe's ability to cope with financial stress. Placing the new Financial Stability funds on a permanent basis, in the form of a new European Monetary Fund will be required if Europe is to deal effectively with the serious debt...

Persistent link: https://www.econbiz.de/10009729283

Improving the Eurosystem for old and new members

McCarthy, Colm - 2012

Persistent link: https://www.econbiz.de/10009733135

In search of the Euro area fiscal stance

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumption, obtain a large public consumption multiplier, a small fraction of non-Ricardian households and,...

Persistent link: https://www.econbiz.de/10011529025

Identifying the shocks behind business cycle asynchrony in Euroland

Trenkler, Carsten; Weber, Enzo - 2012

This paper investigates which shocks drive asynchrony of business cycles in the euro area. Thereby, it unites two strands of literature, those on common features and on structural VAR analysis. In particular, we show that the presence of a common cycle implies collinearity of structural impulse...

Persistent link: https://www.econbiz.de/10011489953

Price level changes and the redistribution of nominal wealth across the Euro Area

Adam, Klaus; Zhu, Junyi - 2014

We document the presence of sizable distributional effects from unexpected price level movements in the Euro Area (EA) using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net winner of unexpected price level increases, with...

Persistent link: https://www.econbiz.de/10011490481

Distributional consequences of asset price inflation in the Euro area

Adam, Klaus; Tzamourani, Panagiota - 2015

We study the distributional consequences of housing price, bond price and equity price increases for Euro Area households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity price increases turn out to be concentrated among relatively...

Persistent link: https://www.econbiz.de/10011491938

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