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exporter of oil and gas, and at current energy prices this provides large hard currency revenues. As the war continues …, European governments are under increased pressure to scale- up their energy sanctions, following measures taken by the United … way for Europe to sanction Russian energy would not be an embargo, but the introduction of an import tariff that can be …
Persistent link: https://www.econbiz.de/10013372906
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
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
Persistent link: https://www.econbiz.de/10003482060
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
Persistent link: https://www.econbiz.de/10012991191
Fiscal rules, such as the excessive deficit procedure and the stability and growth pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this creative accounting...
Persistent link: https://www.econbiz.de/10002515704
Persistent link: https://www.econbiz.de/10002517595
Critics of ECB loose monetary policy warn against the risk that this policy squeezes banks' profits, which could ultimately lead to higher lending rates and lower credit supply. This discussion has arisen in the euro area in particular, as banks' profitability is low on average and some banks...
Persistent link: https://www.econbiz.de/10015291716
Critics of ECB loose monetary policy warn against the risk that this policy squeezes banks' profits, which could ultimately lead to higher lending rates and lower credit supply. This discussion has arisen in the euro area in particular, as banks' profitability is low on average and some banks...
Persistent link: https://www.econbiz.de/10015291719