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Persistent link: https://www.econbiz.de/10009427206
of 2007/08 was not really a surprise -, and the five key requirements for restoring stability and efficiency in the EU …
Persistent link: https://www.econbiz.de/10010331377
We assess the sustainability of public finances in the EU15 over the period 1970-2006 using stationarity and … policy was sustainable both for the EU15 panel set, and within subperiods (1970-1991 and 1992-2006). …
Persistent link: https://www.econbiz.de/10011604866
In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...
Persistent link: https://www.econbiz.de/10011604890
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically … revenues. While sustainability may be lacking in individual cases, fiscal policy was overall sustainable both for the EU15 …
Persistent link: https://www.econbiz.de/10010264310
Persistent link: https://www.econbiz.de/10012036352
This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...
Persistent link: https://www.econbiz.de/10009635957
Persistent link: https://www.econbiz.de/10011476686
The mandate for this study was to undertake an evaluation of EU external action as managed by three DGs: DG RELEX, DG … 2010, and a geographical scope that is essentially global with the exception of the EU enlargement countries. Stakeholders … from both inside and outside the EU, in both partner countries and global organisations, were to be covered. The main …
Persistent link: https://www.econbiz.de/10011799380