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Worthy transfers? : a dynamic analysis of Turkey's accession to the European Union
Ertan Özgüzer, Gül; Pensieroso, Luca - 2009
Persistent link: https://www.econbiz.de/10003963831
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Worthy transfers? : a dynamic analysis of Turkey's accession to the European Union
Ertan Özgüzer, Gül; Pensieroso, Luca - 2010
eventual accession of Turkey to the European Union. The results of the simulations show that Turkey's accession to the European …% of the initial TFP gap between Turkey and the European Union. That figure becomes 45% when capital mobility is introduced …. -- European Union ; Turkey ; Enlargement ; Dynamic General Equilibrium ; Open Economy Macroeconomics …
Persistent link: https://www.econbiz.de/10008857835
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Can we prevent boom-bust cycles during euro area accession?
Brzoza-Brzezina, Michał; Jacquinot, Pascal; Kolasa, Marcin - 2010
Persistent link: https://www.econbiz.de/10008840800
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Can we prevent boom-bust cycles during euro area accession?
Brzoza-Brzezina, Michał; Jacquinot, Pascal; Kolasa, Marcin - 2010
Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the...
Persistent link: https://www.econbiz.de/10008771781
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Coping with adjustment : Turkey, 1973 - 81
Lewis, Jeffrey DuVall - 1986
Persistent link: https://www.econbiz.de/10000937449
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Structural reforms and the enlargement of monetary union
Hefeker, Carsten - 2003
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...
Persistent link: https://www.econbiz.de/10011509539
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Structural reforms and the enlargement of monetary union
Hefeker, Carsten - 2000
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10009781545
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Monetary convergence and risk premiums in the EU candidate countries
Orłowski, Lucjan T. - 2002
This study examines the link between various monetary policy regimes and the ability to manage inflation and exchange rate risk premiums in the EU candidate countries as they undergo monetary convergence to the eurozone. The underlying hypothesis is that a system of 'flexible inflation...
Persistent link: https://www.econbiz.de/10010519049
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Monetary convergence of the EU candidates to the Euro : a theoretical framework and policy implications
Orłowski, Lucjan T. - 2001 - This version: September 2001
A flexible approach to direct inflation targeting is a viable monetary policy choice for transition economies that is believed to facilitate both the economic transition and the monetary convergence to the euro. Following this assumption, an analytical model investigating the link between the...
Persistent link: https://www.econbiz.de/10010519057