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Shelburne, Robert C. - 2013

The eurozone is in political and economic crisis. This is due to the inadequate design of the institutional structure of the eurozone and to the current poor implementation of macroeconomic policy. In designing the eurozone, well established principles of economics were ignored and major...

Persistent link: https://www.econbiz.de/10013080282

Saving Europe? : the unpleasant arithmetic of fiscal austerity in integrated economies

Mendoza, Enrique G.; Tesar, Linda L.; Zhang, Jing - 2014

What are the macroeconomic effects of tax adjustments in response to large public debt shocks in highly integrated economies? The answer from standard closed-economy models is deceptive, because they underestimate the elasticity of capital tax revenues and ignore crosscountry spillovers of tax...

Persistent link: https://www.econbiz.de/10010426560

Saving Europe? : the unpleasant arithmetic of fiscal austerity in integrated economies

Mendoza, Enrique G.; Tesar, Linda L.; Zhang, Jing - 2014

Europe's debt crisis casts doubt on the effectiveness of fiscal austerity in highly-integrated economies. Closed-economy models overestimate its effectiveness, because they underestimate tax-base elasticities and ignore cross-country tax externalities. In contrast, we study tax responses to debt...

Persistent link: https://www.econbiz.de/10010463574

Saving Europe? : The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies

Mendoza, Enrique G. - 2014

Persistent link: https://www.econbiz.de/10013043953

Structural Reforms and the Enlargement of Monetary Union

Hefeker, Carsten - 2021

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...

Persistent link: https://www.econbiz.de/10013319680

Structural Reforms and the Enlargement of Monetary Union

Hefeker, Carsten - 2021

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10013321079

The Potential of Regional Integration Agreements (RIAs) in Enhancing the Credibility of Reform : The Case of the Syrian-European Association Agreement

Zorob, Anja - 2012

(AA). Syria initialled an AA with the European Union in October 2004, but two and a half years later, this agreement is …

Persistent link: https://www.econbiz.de/10014049115

The potential of Regional Integration Agreements (RIAs) in enhancing the credibility of reform : the case of the Syrian-European Association Agreement

Zorob, Anja - 2007

Persistent link: https://www.econbiz.de/10003570752

Syria and the Euro-Mediterranean relationship

Dostal, Jörg Michael; Zorob, Anja - 2009

Persistent link: https://www.econbiz.de/10013546689

The potential of Regional Integration Agreements (RIAs) in enhancing the credibility of reform : the case of the Syrian-European association agreement

Zorob, Anja - 2007

(AA). Syria initialled an AA with the European Union in October 2004, but two and a half years later, this agreement is … ; Credibility ; Commitment ; Signalling ; European Mediterranean Partnership ; Syria … Analyserahmen auf das Beispiel des Syrisch-Europäischen Assoziierungsabkommens angewendet. Syrien initialisierte im Oktober 2004 ein …

Persistent link: https://www.econbiz.de/10008905880