This paper analyses the smoothing of asymmetric shocks to output for a sample of OECD countries. It also examines whether the private capital markets will be able to replace the government in providing output smoothing in the euro-area, in the near future. The research finds no evidence of large...

The process of European integration has gained considerable momentum during the past couple of years. This paper provides an assessment of the degree of integration of both the accession states of central and eastern Europe and of the pre-ins for monetary union with respect to Germany. Using...

Entwicklung der Wachstumstheorie Effekte wirtschaftlicher Integration aus Sicht der Wachstumstheorie Geschichte der Europäischen Integration - Ein Überblick Empirie der Wachstumseffekte wirtschaftlicher Integration - Bisherige Studien Der Beitrag der Europäischen Integration zum...