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A narrative database of labour market reforms in euro area economies

Aumond, Romain; Di Tommaso, Valerio; Rünstler, Gerhard - 2022

We present a quarterly narrative database of important labour market reforms in selected euro area economies in between 1995 and 2018 covering 60 events. We provide legal adoption and implementation dates of major reforms to employment protection legislation and unemployment benefits. Estimates...

Persistent link: https://www.econbiz.de/10013168212

Deeper, wider and more competitive? : monetary integration, Eastern enlargement and competitiveness in the European Union

Ottaviano, Gianmarco I. P. (contributor); … - 2007

firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … conceptual framework that, based on Melitz and Ottaviano (2005), predicts that tougher and more transparent international … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …

Persistent link: https://www.econbiz.de/10003635984

The Maastricht convergence criteria and optimal monetary policy for the EMU accession Countries

Lipińska, Anna (contributor) - 2008

The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: How do the Maastricht convergence criteria modify optimal monetary policy in an...

Persistent link: https://www.econbiz.de/10003778818

Fiscal and monetary policy in the enlarged European Union (forthcoming)

Pogorelec, Sabina (contributor) - 2006

I build a quantitative two-country DSGE model of the European Union (EU) and investigate whether there are welfare … gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in … firms in the new EU countries. When there is no foreign ownership in the new EU countries, the euro area is indifferent …

Persistent link: https://www.econbiz.de/10003358603

The political economy under monetary union: has the euro made a difference?

Fratzscher, Marcel; Stracca, Livio - 2008

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...

Persistent link: https://www.econbiz.de/10003794175

Responses to monetary policy shocks in the east and the west of Europe : a comparison

Jarociński, Marek - 2008

This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...

Persistent link: https://www.econbiz.de/10003825885