Showing 1 - 10 of 631
This paper assesses the consequences of EU enlargement for East West migration. In the theoretical part, we identify … increased current migration. Additionally, casual evidence from the 1980s EU South enlargement is examined. Since then no …
Persistent link: https://www.econbiz.de/10011443914
A small expectations-expanded "Mundell-Fleming" model is built for the European Union Accession Countries and estimated to assess the optimality of different exchange rate regimes (a peg and a float) through a simple welfare function. Floating appears as the best option for most of the countries...
Persistent link: https://www.econbiz.de/10011475894
This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and …
Persistent link: https://www.econbiz.de/10011398432
To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...
Persistent link: https://www.econbiz.de/10011334328
& Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business … the EMU and investigates in how far this has altered macroeconomic transmission. We find that Austria's economy appears to … estimations on pre-EMU and EMU subsamples we find that the contribution of (rest of the) Euro Area shocks to Austria's business …
Persistent link: https://www.econbiz.de/10011347045
same country. Under the EMU, the elimination of nominal exchange rate volatility has largely reduced these border effects …
Persistent link: https://www.econbiz.de/10009767676
No one seems to be neutral about the effects of EMU on the German economy. Roughly speaking, there are two camps: those … stability. From a broader macroeconomic perspective, however, it is clear that EMU is unlikely to cause directly any meaningful …
Persistent link: https://www.econbiz.de/10009768851
Persistent link: https://www.econbiz.de/10009693688
Using parametric and non-parametric estimation techniques, we analyze the sustainability of the recently growing current account imbalances in the euro area and test whether the European Monetary Union has aggravated these imbalances. Two alternative criteria for the as-sessment of external debt...
Persistent link: https://www.econbiz.de/10009616530
Persistent link: https://www.econbiz.de/10009621654