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, führt die gemeinsame Geldpolitik zu einer Homogenisierung der Reaktion der Wirtschaftssubjekte auf die Geldpolitik? Die … vorliegende Arbeit versucht Antworten auf beide Fragen zu geben. Der erste Aufsatz untersucht die Effekte der Geldpolitik in den …
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The paper examines the effects of asymmetries in fiscal policy conduct upon the correlation of business cycles in the European Union. In particular the paper estimates the effects of fiscal indiscipline and dissimilarity on business cycle correlation in the period 1996-2012 using a panel of 27...
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We assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as allocative efficiency and apply our results to the implicit transfers generated by a potential European unemployment benefit scheme (EUBS). Specifically, we first develop a simple model...
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