Showing 1 - 10 of 26
Persistent link: https://www.econbiz.de/10000614470
need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …
Persistent link: https://www.econbiz.de/10011507973
We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
Persistent link: https://www.econbiz.de/10011375699
The paper studies the role of international implications after EU enlargement. Based on a formal model with migration … costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later …
Persistent link: https://www.econbiz.de/10009781677
monetary policy settings of the ECB and the Fed on the forex markets of new EU members. We employ an Event Study Methodology to … post-GFC period shows that: (i) macroeconomic announcements affect the value of the new- EU-country exchange rates, (ii … the new-EU-country forex markets. …
Persistent link: https://www.econbiz.de/10011568576
Persistent link: https://www.econbiz.de/10011295808
monetary policy settings of the ECB and the Fed on the forex markets of new EU members. We employ an event study methodology to … post-GFC period shows that: (i) macroeconomic announcements affect the value of the new-EU-country exchange rates, (ii) the … policy result in stronger effects than those of the Fed, (viii) temporary inefficiencies are present on new-EU-country forex …
Persistent link: https://www.econbiz.de/10011902959
need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …
Persistent link: https://www.econbiz.de/10001774786
Persistent link: https://www.econbiz.de/10001603834
As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is impossible to find a common monetary policy that will result in price stability in all countries. Based on empirical estimates of the Balassa model, the paper calculates a minimum...
Persistent link: https://www.econbiz.de/10001546377