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This Policy Contribution, based on a note written for the Bundestag EU Committee, explores the possible consequences of … a no-deal Brexit for the European Union and assesses preparations on the EU side. It also provides guidance on the … optimal strategy for the EU, depending on the choices made by the United Kingdom. Overall, a no-deal Brexit would be …
Persistent link: https://www.econbiz.de/10011959922
Foreign direct investment is of increasing importance in the European Union. This paper estimates the effect of taxes on foreign direct investment (FDI) flows and on three sub-components of these flows for the countries of the en- larged European Union. The model in the spirit of gravity...
Persistent link: https://www.econbiz.de/10003304979
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countries are overrepresented. This is desired in the EU treaties. But the EU treaties also emphasise the importance of equality … and equal treatment of citizens by EU institutions. Inequality of representation in the European Parliament has been … representation and distribution of seats to countries. We do so within the constraints set by the EU treaties. • One option would be …
Persistent link: https://www.econbiz.de/10011737935
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The construction of the euro area left aside the question of a fiscal union, but the crisis re-opened the debate. Of the three classical functions of fiscal policy – provision of public goods, redistribution and stabilisation – only the last provides a clear justification for fiscal policy...
Persistent link: https://www.econbiz.de/10011439508
The general macroeconomic situation and weak inflation dynamics justified quantitative easing (QE) in the euro area. Doubts have emerged about its effectiveness as inflation has remained weak. However, we do not know where inflation would have been without QE and the still large slack in the...
Persistent link: https://www.econbiz.de/10011509099
The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have supported Europeś economy for some time, but by now it is clear that the eurozone will only be able to pull itself out of this crisis by means of more decisive action. One...
Persistent link: https://www.econbiz.de/10011449399