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frictions. Our results suggest that the disproportional growth of GDP (labour productivity) in comparison to consumption (wages …
Persistent link: https://www.econbiz.de/10013072822
Though close to the OECD average, France's product market is more regulated than in comparable large European countries. Barriers to competition are particularly high in services, which now account for about 79 percent of the economy. The Macron law would be an important step forward, though...
Persistent link: https://www.econbiz.de/10013019456
There is broad agreement among academics and practitioners that the benefits of increased EU coordination in the area of development cooperation would clearly outweigh the costs. The EU is indeed a coordination pioneer, having taken up a number of internal and external commitments. This...
Persistent link: https://www.econbiz.de/10014152135
Euro area reform has been at the center of much needed discussions throughout recent years. The Euro area crisis has … Scheme. This policy brief summarizes the discussions and policy proposals for EMU reform of recent years. After intensive … debates, the necessary consensus was not found and no significant breakthrough on EMU reform has been achieved to reinforce …
Persistent link: https://www.econbiz.de/10012868178
EU Member countries have shown different degrees of ambition to reach a budget position of ""close to balance or in surplus"". Differences in ambition can only partly be explained by the relative size of cyclical safety mar-gins or differences in the number of votes in the ECOFIN Council. It is...
Persistent link: https://www.econbiz.de/10001655959
This paper has been prepared as a part of a broader Ezoneplus project that evaluates European Monetary Union (EMU) and its enlargement to prospective members in central and eastern Europe. The project is financially supported by European Commission (HPSE-CT-2001-00084). It contains the following...
Persistent link: https://www.econbiz.de/10002187556
This report reflects on recent trends in fiscal and monetary policies at the onset of EU-enlargement. Particularly, the authors focus on necessary adjustment processes for future EU-members. How to smooth best the transition period between "normal" EU-accession and eventual participation in the...
Persistent link: https://www.econbiz.de/10002610584
After joining EU, the accession countries are expected to join the EMU and the euro-area. This cannot take place immediately after EU enlargement, as prior joining euro-area the accession countries should apply to the European Commission for entering EMU stage three and fulfil Maastricht...
Persistent link: https://www.econbiz.de/10002610585
This paper reviews the macroeconomic policies and performance of the three Nordic EU countries. The experiences of Denmark, Finland and Sweden from the turbulent economic developments of the 1990s and from adjusting their public sectors to fiscal consolidation are illustrating, not least for the...
Persistent link: https://www.econbiz.de/10002610586
This regional input analyses recent developments and future prospects of fiscal policy (part I) and monetary policy (part II) of Benelux, France and Germany (EMU-5) covering the period of 1997-2004. The fiscal policy part concentrates on budgetary effects of the eastward enlargement. Besides,...
Persistent link: https://www.econbiz.de/10002610588