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Neglecting Demand and Cycle in the Euro Area
Marterbauer, Markus; Walterskirchen, Ewald - 2006
The stagnation of the economy in the Euro area since 2000 is closely connected to the dominance of purely long-run supply-side oriented policies in the Euro area. While exports and profits soared, domestic demand has been weak. The neglect of cyclical and demand factors appears to be the major...
Persistent link: https://www.econbiz.de/10011435181
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The Euro and its Impact on ASEAN Economies
Chaipan, Chaiwoot - 2000
The launching of the EURO not only affects the members of EURO-Land, but it also affects the potential new member countries such as Central and Eastern European countries as well as some countries in Europe, Africa and French territories such as Monaco, San Marino, Vatican, Andorra, Mayotte,...
Persistent link: https://www.econbiz.de/10011375010
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The global financial crisis: Lessons for European Integration
Dabrowski, Marek - 2009
The purpose of this paper is to analyze the various challenges facing European integration and the EU institutional architecture as result of the global financial crisis. The European integration process is not yet complete, both in terms of its content and geographical coverage. It can be...
Persistent link: https://www.econbiz.de/10011430830
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Fiscal and monetary policy determinants of the Eurozone crisis and its resolution
Dabrowski, Marek - 2012
quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …
Persistent link: https://www.econbiz.de/10011430901
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Cyclical Dimensions of Labour Mobility after EU Enlargement
Ahearne, Alan; Brücker, Herbert; Darvas, Zsolt; von … - 2009
This paper explores the influence of the economic cycle on labour mobility within the EU, focusing on the likely impact of the present economic crisis. To do so, we use an econometrically calibrated simulation and a case study of Ireland. We find that, in the short run, the crisis is likely to...
Persistent link: https://www.econbiz.de/10010494399
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Cyclical dimensions of labour mobility after EU enlargement
Ahearnea, Alan; Brücker, Herbert; Darvasa, Zsolt; von … - 2009
This paper explores the influence of the economic cycle on labour mobility within the EU, focusing on the likely impact of the present economic crisis. To do so, we use an econometrically calibrated simulation and a case study of Ireland. We find that, in the short run, the crisis is likely to...
Persistent link: https://www.econbiz.de/10010317305
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Fiscal Spending Multiplier Calculations based on Input-Output Tables – with an Application to EU Members
Pusch, Toralf; Rannenberg, Ansgar - 2011
Fiscal spending multiplier calculations have been revived in the aftermath of the global financial crisis. Much of the … multiplier for EU members. Multipliers for specific spending categories are comparably high, ranging between 1.4 and 1.8 for many …. Beispielsweise übertrifft der auf Basis der Input-Output-Rechnung kalkulierte Multiplikator den herkömmlichen Lehrbuch-Multiplikator …
Persistent link: https://www.econbiz.de/10010285501
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Have euro area and EU economic governance worked? Just the facts
Ioannou, Demosthenes; Stracca, Livio - 2011
We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact and the Lisbon Strategy, have had any impact on macroeconomic outcomes. We test this proposition using a difference-in-difference approach on a panel of over 30 countries, some...
Persistent link: https://www.econbiz.de/10011605390
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Euro Adoption: Is It Reversible?
Puiu, Cristina - In: CES Working Papers 2 (2010) 4, pp. 33-37
Starting from 1999 sixteen countries have adopted euro as a single currency. Considering that the Maastricht Treaty stipulates that all the European Union countries must adopt euro once they meet the requirements stipulated it is not a question of “if to join the euro area”, but rather of...
Persistent link: https://www.econbiz.de/10012016923
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Can the Capital Markets Union Deliver?
Kotz, Hans-Helmut; Schäfer, Dorothea - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 89-98
Die Eurozone hat sich langsamer von der Finanzkrise erholt als die USA. Dies gilt insbesondere für die …
Persistent link: https://www.econbiz.de/10012054629