We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … differences with respect to the EU and trade specialization within the EU framework. Our results show that both fiscal policy and … adequacy of potential future EMU countries and the need for a broad agreement concerning fiscal policy at the EU level. …

This paper identifies and measures fiscal spillovers in the EU countries empirically, using a structurally stable … global vector autoregression (GVAR) model. For our purposes, the individual EU countries, as well as the most important …

Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit … type developments or new economic shocks. The EU Presidents rely too much on high international economic growth smoothing … the convergence in labor productivity between EU member states, while the more likely low growth scenario shows a serious …

correlation in the period 1996-2012 using a panel of 27 EU countries. The paper pays special attention to Central and Eastern … dissimilarity upon business cycle correlation in the EU. The paper also provides some evidence for the significance of intra …

the question of whether policies in the EU should head towards autonomy, coordination or harmonization. Taking the path … currency in the EU as a result of deep harmonization in the monetary policy area is an unambiguous precedent with many … free ride and strengthen joint responsibility for the fiscal development of public finances in the EU. In addition to the …

Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this … solution, and the recurrent EU proclamations of "policies to restore European growth", the crisis in the EZ looks more and more … credibility of the EU integration process and will inevitably impact on the spreading of the integration model to other regions of …