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The paper develops a unified general equilibrium model includingsavings with overlapping generations, investment and search unemploament. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on...
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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...
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umfassende Reformbereitschaft erfordert, soll diese Erweiterung die mit ihr verbundenen wirtschaftlichen und politischen … Erweiterung der EU unabdingbar sind …
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