This paper uses a structural vector autoregression to examine differences in demand and supply shocks and the response to these shocks between EMU member countries and three other groups of countries. The first group includes non-EMU EU countries, the second group EFTA countries and the third...

Der Erfolg der marktorientierten Wirtschaftsreformen in Ungarn, Polen und der Sowjetunion hängt entscheidend davon ab, ob es diesen Ländern gelingt, die wirtschaftliche Zusammenarbeit mit ihren Nachbarn im Westen zu verstärken. Um die unvermeidliche Anpassungskrise meistern zu können, sind...

Dieser Bericht beleuchtet, wie das Personenfreizügigkeitsabkommen (FZA) der Schweiz mit den EU/EFTA-Staaten das Einkommenswachstum in der Schweiz in den letzten Jahren beeinflusst hat. Der Bericht verfolgt das Ziel, Klarheit in die in der Öffentlichkeit teils widersprüchlich geführte Debatte...

Eastern Europe is in the midst of a radical change. In order to increase the chances of success of their Perestroika, the reformers, especially those from Hungary, Poland and the Soviet Union, are striving for closer links between their countries and the economically-advanced Western , Europe....

The winds of change are blowing through Europe. In the western half of the divided continent the European Community (EC) is setting about to complete its Internal Market by the end of 1992, in the East various members of the Council for Mutual Economic Assistance (Comecon) are striving for a...

Following a brief historical introduction and a discussion of different types of commercial policy, this paper reviews the arguments for and against trade protection. In the bench-mark case of a competitive, small, open economy, free trade maximizes aggregate national welfare, although some...

This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which improve the business conditions in one country have...