The accession of ten new members to the European Union on May 1st 2004 is among the most significant developments in the history of European integration. Based upon studies conducted by the European Forecasting Network, this book analyses key aspects of the impact of this recent enlargement with...

The high outward mobility that has characterised the countries in the Western Balkan (WB) region over the past three decades is often seen as tightly linked to severe labour market imbalances and persistently low utilisation of human capital over time. To shed light on these issues, we estimate...

1. Introduction -- 2. Convergence of the EU member states in Central-Eastern and South Eastern Europe (EU11): a framework for convergence inside a close regional cooperation -- 3. Towards a new growth model in CESEE: three challenges ahead -- 4. Regional dynamics in EU11 -- 5. How the European...

1.Introduction -- 2.The economic impact of Single Market membership on the EU enlargement countries -- 3. FDI as force of convergence in the CESEE countries -- 4.The impact of EU cohesion funds on macroeconomic development in the Visegrad countries after the 2008-2009 financial crisis -- 5. The...

This volume brings together contributions on the major economic policy issues which have opened up as a result of the immanent process of European Union Enlargement. The issues analyzed range from modelling and analyzing the costs and benefits of enlargement, to challenges for macroeconomic...

This paper develops a 'structural political economy' approach to two fundamental tensions that emerged as the eurozone crisis unfolded: real exchange rate misalignments and external debt build-up. The approach builds on a classical legacy going back to Francois Quesnay, who conceptualised...