Graph of the month Top five destinations of Romanian and Polish migrants in the EU 28, net inflow Opinion corner Does liberalisation of access to EU labour markets change migration patterns? (by Michael Landesmann, Isilda Mara and Hermine Vidovic) Mobility patterns in the European Union the role...

Euro or not? Early lessons from the crisis (by Ch. Wyplosz, pp. 1-4) Keywords euro, EU, crisis Countries covered European Union Topics Macroeconomic Analysis, Forecasts and Policy Migration from the New to the Old EU Member States country experiences (by H. Vidovic; pp. 5-14) Keywords migration,...

Graph of the month Regional gross value added in Turkey (p. 1) Opinion corner Turkey and the EU (by Serkan Çiçek, Vladimir Gligorov and Michael Landesmann; pp. 2-4) The Turkish economic conundrum (by Serkan Çiçek; pp. 5-8) Regional disparities in Turkey (by Roman Römisch; pp. 9-12) Turkey a...

Abstract EU integration, the process of EU enlargement and further visa liberalisation have encouraged increased population movements across Europe, some of which have taken new forms compared to previous migration waves. In particular, some destination countries have experienced high levels of...

Graph of the month Europe Brent Spot Price, fob per barrel, in current USD and euro and real year 2005 euro (p. 1) Opinion corner Russia-Ukraine conflict do Western sanctions have any effect? (by Vasily Astrov, Vladimir Gligorov, Peter Havlik, Michael Landesmann and Olga Pindyuk; pp. 2-6)...

This policy note argues that the current global economic crisis enforces an adjustment process in the countries of Central, Eastern and Southeastern Europe (CEE and SEE) in the form of real exchange rate depreciation. Because of the weakness of financial institutions and built-up foreign...

The pressures on fiscal consolidation have mounted dramatically in the wake of the Greek and then the 'contagion' crisis which followed it (across the so-called 'weakest links' Portugal, Spain, Italy, Ireland). It led to the setting-up of the 750 billion euro stabilisation package widely seen as...

This piece argues that three specific policy issues need to be addressed urgently in Central, Eastern and Southeastern Europe in order to avoid a sustained period of recession or depression (i) orderly exchange rate adjustment (ii) fiscal stress and (iii) financial sector vulnerability. The G-20...

The present study examines the economic development of the NUTS-2 level regions in the EU-27 from 1995 to 2003. It focuses on income and employment developments in the regions of the new EU Member States (NMS) and compares the results to the developments in the regions of Northern as well as...

Under favourable external conditions, the economies of the New EU Member States (NMS) fared even better in the first quarter of 2006 than in 2005. Investment accelerated sharply and industry is proving buoyant. Labour productivity has registered strong gains, unit labour costs declined. This is...