Showing 1 - 10 of 31
This paper briefly reviews the existing literature on potential migration into the enlarged European Union, reconciles the results with recent evidence and presents an additional migration scenario. The estimation procedure accounts for both sending and receiving countries' unobserved...
Persistent link: https://www.econbiz.de/10003523175
This paper estimates the potential migration from eight EU accession countries as well as Bulgaria and Romania as a result of the eastern enlargement. The experience of migration from Greece, Portugal and Spain is used to estimate the parameters of a migration function, exploiting panel...
Persistent link: https://www.econbiz.de/10011402437
Persistent link: https://www.econbiz.de/10002048612
Adopting a simple Phillips curve framework, we show that different labour market institutions across EU countries are associated with significant differences in the response of inflation to unemployment and exchange rate shocks. More wage coordination and higher union density flatten the...
Persistent link: https://www.econbiz.de/10011347315
Persistent link: https://www.econbiz.de/10003106001
We measure the amount of central bank seigniorage generated in three economies in transition, and inquire to what extent seigniorage ultimately accrues to the government. We relate our findings to the institutional environment of the three countries. In particular we document that, in parallel...
Persistent link: https://www.econbiz.de/10014185389
We estimate a small structural model for inflation, the output gap, the domestic interest rate and the exchange rate for Hungary during the period of the transition (1991-1999). The transmission of monetary policy impulses to macro variables is characterized in a similar fashion to that of...
Persistent link: https://www.econbiz.de/10014138380
The evaluation of the output cost of monetary stabilization is one of the main macro questions to be addressed when comparing alternative strategies and paths to monetary convergence in the economies in transition. In general, the evaluation of the output costs of stabilization (and hence of the...
Persistent link: https://www.econbiz.de/10014122455
We estimate a small structural model for inflation, the output gap, the domestic interest rate and the exchange rate for Hungary during the period of the transition (1991-99). The transmission of monetary policy impulses to macro variables is characterized in a similar fashion to that of...
Persistent link: https://www.econbiz.de/10014117685
We compare labor market policies, institutions and outcomes for the EU member states, for the period 2000-2005. We document the main differences in Labor Market Policies across EU members, including new member states after 2004. We focus on indicators of policy generosity (expenditures relative...
Persistent link: https://www.econbiz.de/10013325154