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I build a quantitative two-country DSGE model of the European Union (EU) and investigate whether there are welfare gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in terms of joint maximization of the weighted average of...
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accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will …
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accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will …
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