Showing 1 - 10 of 27
We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...
Persistent link: https://www.econbiz.de/10003636288
In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...
Persistent link: https://www.econbiz.de/10003778833
analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration … hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are … out the difficulties that restrictions on the free movement of workers bring about. -- Migration ; migration effects ; EU …
Persistent link: https://www.econbiz.de/10003793104
analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration … hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are … out the difficulties that restrictions on the free movement of workers bring about. -- Migration ; migration effects ; EU …
Persistent link: https://www.econbiz.de/10003793577
The Eastern enlargement of the EU was an institutional impetus to the migration potential in Europe. While the overall … numbers of migrants from the new member states in the EU15 increased between 2003 and 2007, this increase was distributed … unevenly among countries. The proportion of these migrants in the EU15 remains smaller than that of non-EU27 migrants. The …
Persistent link: https://www.econbiz.de/10003863171
The starkly different histories and institutions in the eastern and western member states of the European Union (EU … importance in the western EU member states, both immigrant status and citizenship matter in the eastern EU member states, their … the relationships between being non-citizen and labor market outcomes that we find in the eastern EU member states …
Persistent link: https://www.econbiz.de/10003684464
This paper studies the migration response of the youth from new EU member states to disparate conditions in an enlarged … variation of migration intentions as self-reported push and pull factors and migration constraints. -- EU labor markets … ; migration ; youth ; EU enlargement ; labor mobility ; free movement of workers ; transitional arrangements ; new member states …
Persistent link: https://www.econbiz.de/10009721325
-enlargement migration flows following the EU's 2004 enlargement. We consider two baseline policy scenarios, with and without accession of … sending countries to the EU. Our results show that migration flows are driven by migration costs and economic conditions, but …
Persistent link: https://www.econbiz.de/10010194751
The eastern enlargements of the European Union (EU) and the extension of the free movement of workers to the new member … states' citizens, the need for adjustment became ever more important during the Great Recession, which affected EU member … states unevenly. This chapter studies whether and how east-west migration flows in an enlarged EU responded to institutional …
Persistent link: https://www.econbiz.de/10010407978
Persistent link: https://www.econbiz.de/10003830547