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factors of production (capital and labor). In contrast, the consequences of FDI from the capital abundant country (EU) to the … country CGE model, including the EU and the CEEC. A panel regression for both regions separately, helps to decide empirically … advantage (increase in global net trade) has contributed to a decline in the labor income shares in the EU. Additionally, those …
Persistent link: https://www.econbiz.de/10011347055
We estimate the pro-competitive effects of Austria's participation in the Single Market after its EU accession in 1995 …
Persistent link: https://www.econbiz.de/10011435142
Persistent link: https://www.econbiz.de/10001370189
Persistent link: https://www.econbiz.de/10011411760
We present a two-country New Open Economy Macro model of the Austrian economy within the European Union's Economic & Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business cycle facts, and that allows for an investigation of...
Persistent link: https://www.econbiz.de/10011347045
Persistent link: https://www.econbiz.de/10012052718
With a large-scale econometric world model we derive policy multipliers and the parameters for the utility functions for 10 EMU countries and for the ECB. The gains from cooperation are calculated by comparing two equilibria, a Nash and a cooperative equilibrium. The cooperative equilibrium is...
Persistent link: https://www.econbiz.de/10011491576
Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks whether monetary policy could not have been improved. In the last three years, Euroland was confronted with the first external shock. Oil prices increased considerably, leading to...
Persistent link: https://www.econbiz.de/10011492736
We estimate the pro-competitive effects of Austria's participation in the Single Market after its EU accession in 1995 …
Persistent link: https://www.econbiz.de/10011494214
Round. With a computable general equilibrium model we analyze the four most prominent trade disputes between the EU and the …
Persistent link: https://www.econbiz.de/10011494654