multilateral discussion and are going beyond the market opening that can be achieved in the WTO context. Accordingly, the EU …

The single market is often perceived as the panacea for Europe's economic troubles. It is believed that completing the … single market would boost welfare, stimulate growth and increase European competitiveness. However, identifying and … quantifying the channels through which market integration is expected to engender growth is methodologically complex. Although the …

) approach with a DSGE model for the EU, we adapt an earlier version of the two-country DSGE model for Austria and the Euro area …