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accession affects income gaps. Moreover, if EU membership is refused, fear of future restrictions on immigration will lead to …
Persistent link: https://www.econbiz.de/10011443914
The democratic accountability of policymaking institutions which are autonomous within delegated mandates has not received as much attention as their independence. We analyze in a theoretical model the effects of accountability in the form of possible overriding of economic policy decisions by...
Persistent link: https://www.econbiz.de/10003502649
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...
Persistent link: https://www.econbiz.de/10011442627
The impact of EU Cohesion Policy has mainly been evaluated with regard to its growth effects. We extend the perspective by investigating the impact of EU Cohesion Policy on public investments and budget deficits in order to learn more about the channels through which this policy field works....
Persistent link: https://www.econbiz.de/10003881346
Persistent link: https://www.econbiz.de/10003217903
estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …
Persistent link: https://www.econbiz.de/10011442384
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010425498
ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …
Persistent link: https://www.econbiz.de/10011447829
This paper analyses the growth effects of EU structural funds using a new panel dataset of 124 NUTS-1 / NUTS-2 regions over the time period 1995-2005. We extend the current literature with regard to at least three aspects: First of all, we extend the time period of investigation, using...
Persistent link: https://www.econbiz.de/10003770912
case of ARGARCH models, the approximation process chosen in this paper shows a better estimation of the stock price … development based on autoregressive models and, thus, more robust estimation results for the reaction to a regulatory change … because of the national process of governments’ adjustments. Thus, the estimation results provide evidence that companies …
Persistent link: https://www.econbiz.de/10008701352