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The German Labour Market Reforms in a European Context : A DSGE Analysis

Fries, Claudia - 2013

frictions. Our results suggest that the disproportional growth of GDP (labour productivity) in comparison to consumption (wages …

Persistent link: https://www.econbiz.de/10013072822

Barriers to Competition

Hallaert, Jean-Jacques - 2015

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

Cost of Non-Europe in Development Policy

Klingebiel, Stephan; Morazan, Pedro; Negre, Mario - 2013

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

Past and Present of EMU Reform

Pekanov, Atanas - 2019

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

Policy interventions to mitigate the long-run costs of Brexit

Oikonomidēs, Geōrgios; Malley, James R.; … - 2025

This paper examines the long-term macroeconomic impacts of Brexit on the UK economy employing a dynamic general equilibrium model that incorporates endogenous firm entry, price markups and market competition. By integrating the trade frictions introduced by Brexit, the model explains how...

Persistent link: https://www.econbiz.de/10015453985

Raising the Euro’s Inflation Target without an Inflationary Default

Lunardelli, Andre - 2017

To raise the euro's inflation target without an inflationary default and meanwhile to promote growth and the realignment of the relative prices and wages between countries, two other heterodox actions are necessary: the substitution of previously issued bonds by new ones with higher denominated...

Persistent link: https://www.econbiz.de/10012975133

After the Flood Comes the Tax : European Road to Financial Transactions Tax

Gurdgiev, Constantin - 2016

This chapter presents the results of the comprehensive literature survey and supportive empirical assessment of the potential impacts of the Financial Transactions Tax recently adopted by the European Commission in response to the significant financial sector misallocations arising from the...

Persistent link: https://www.econbiz.de/10013001801

Fiscal Policy and Budget Balancing : The European Experience

Larson, Sven R. - 2015

The European Union's constitutional balanced-budget amendment, the Stability and Growth Pact (SGP), dictates that EU member states keep their budget deficits within three percent of GDP and that government debt be kept at or below 60 percent of GDP. After 20 years, unintended consequences of the...

Persistent link: https://www.econbiz.de/10013030527

Bad for Euroland, Worse for Germany - the Ecb's Record

Bibow, Jörg - 2006

This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the Bundesbank tradition of asymmetric policymaking: the bank...

Persistent link: https://www.econbiz.de/10012735028

From Antigrowth Bias to Quantitative Easing : The ECB's Belated Conversion?

Bibow, Jörg - 2016

This paper investigates the European Central Bank's (ECB) monetary policies. It identifies an antigrowth bias in the bank's monetary policy approach: the ECB is quick to hike, but slow to ease. Similarly, while other players and institutional deficiencies share responsibility for the euro's...

Persistent link: https://www.econbiz.de/10012989691