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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
are determined primarily by the EU initiatives. This fact is based on both, the necessity of the Republic to correspond to … European norms and the EU interest to have reliable and stable partners from economic and political point of view. The … Association Agreement, DCFTA, visa liberalization are main bonuses that Moldova has received from EU within Eastern Partnership …
Persistent link: https://www.econbiz.de/10012017299
current debate on the EU budget for the period 2007 to 2013 and introduces five scenarios. The first is identical to the … European Commission's proposal; the second is based on reducing the budget to 1% of the EU's GNI as proposed by the six major … a '1% EU GNI'; however, the expenditures for providing 'EU-wide value added' are left unchanged and it is envisaged that …
Persistent link: https://www.econbiz.de/10012100053
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
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