Aus der Sicht der Gewerkschaften bietet sich jetzt die Chance, europaweit frühzeitig Umweltverschmutzung zu begrenzen. Allerdings ist diese Begrenzung nur möglich, wenn sich die Europäischen Gemeinschaften nicht mit dem Verweis auf die Unterschiede in den beteiligten Industrien auf dem...

This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...

The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the convergence of the interest rates with the full term...

This study shows that the origins of the sovereign debt crisis within the euro area are to be found within the private sector and in economic policy mistakes rather than only in the profligacy of some national governments in the Southern periphery of Euroland. Sovereign debtors and their private...

This study estimates modified Taylor reaction functions which tackle the real rather than the nominal interest rates for the Euro area as a whole, and separately for the individual member states, before the onset of the current sovereign debt crisis. We show there are significant differences...

In this paper, we present euro area money demand functions estimated for the sample period ranging from January 1994 to November 2010 with total and partial time-varying coefficients accounting for two structural changes. For this purpose, we make use of two different procedures viz. the Lee and...