reform steps were necessary to make the Euro area "crisis-proof" for the future. Whether the measures taken are already … towards a more centralised fiscal policy at EU/Euro area level within a new EMU economic governance. Besides the improvement …

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 …

Romania spill-over to EU15, including Austria and the 10 new member states of the 2004 EU enlargement. The pattern of the … integration effects is qualitatively similar to those of EU's 2004 enlargement by 10 new member states. Bulgaria and Romania gain … new EU member states (+0.01%), which joined the EU in 2004. …