This chapter looks into the impact of EU membership on the carbon intensity of EU11 economies since joining the EU. EU membership boosted foreign trade and FDI, leading to a rapid re-industrialization of EU11 and making them the fastest converging group of upper-middle-income countries in the...

This article analyses the role of fiscal policy during banking crises in supporting short-term GDP growth and the growth potential. Using a database covering 56 advanced and emerging economies for the period 19702008, it finds that fiscal policy appears to matter for the impact of banking crises...

The EU member states in CESEE have converged relatively rapidly to the global frontier, some even during the recent crisis. Some, but not all, are well positioned to enjoy continued convergence. Nevertheless, convergence bottlenecks are emerging and continued reforms efforts will be needed...