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Real interest parity in the EU and the consequences for euro area membership: Panel data evidence, 1979 - 2005

O'Brien, Martin - 2007

This paper examines whether macroeconomic convergence is an automatic outcome of forming a currency union by combining an analysis of real interest parity (RIP) in the EU with the argument for the endogeneity of the Optimum Currency Area (OCA) criteria. Using the DF-GLS and the CIPS* panel unit...

Persistent link: https://www.econbiz.de/10010290576

EU enlargement and migration: Assessing the macroeocnomic impacts

Barrell, Ray; Gerald, John Fitz; Riley, Rebecca - 2007

that time the EU was expanded to include 10 New Member States (NMS) predominantly from Central and Eastern Europe. In the … these migration flows across Europe, highlighting the impacts in both the receiving and sending countries. …

Persistent link: https://www.econbiz.de/10010290590

The Europeanisation of reference groups: A reconsideration using EU-SILC

Whelan, Christopher T.; Maître, Bertrand - 2007

In this paper we address the question of the relative importance of within and between country differences in income and material deprivation in the European Union in the context of recent suggestions that insufficient attention has been paid to cross-national differences. In particular, we...

Persistent link: https://www.econbiz.de/10010290593

The impact of the EU-US open skies agreement on international travel and carbon dioxide emissions

Mayor, Karen; Tol, Richard S. J. - 2007

We use a model of domestic and international tourist numbers and flows to estimate the impact of the EU-US Open Skies agreement that is to take effect in March 2008. The Open Aviation Area will result in increased competition between transatlantic carriers and consequently falls in the cost of...

Persistent link: https://www.econbiz.de/10010290599

Airline emissions of carbon dioxide in the European trading system

FitzGerald, John; Tol, Richard S. J. - 2007

0.002%. Tourist numbers in Europe would fall by up to 0.6%, and would increase in the rest of the world. If the permits …

Persistent link: https://www.econbiz.de/10010290601

Immigration, labour mobility and EU enlargement

Piracha, Matloob; Vickerman, Roger - 2002

model of migration. This recognises that, within Europe, most migration is not permanent, but part of a process of mobility …

Persistent link: https://www.econbiz.de/10010290684

Are earthquakes needed to shake economics?

Schettkat, Ronald - 2010

The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets -'natural rate theory'- dominated interpretations of...

Persistent link: https://www.econbiz.de/10010291082

Financial system and innovations: Determinants of early stage venture capital in Europe

Schröder, Christian - 2009

This paper highlights the role of financial development in producing innovative products and services. The Venture Capitalists (VCs) plays a crucial role for the realization of product innovation and service innovation. Especially young entrepreneurs face the problem of financial constraints if...

Persistent link: https://www.econbiz.de/10010291090

Energy and material efficiency innovations: The relevance of innovation strategies

Bönte, Werner; Dienes, Christian - 2012

This study explores the relationship between energy and material efficiency innovations (EMEIs) and innovation strategies employed by manufacturing firms to develop their process innovations. Firms may mainly develop process innovations in-house, let them mainly develop by other enterprises or...

Persistent link: https://www.econbiz.de/10010291097

Monetary policy and European unemployment

Schettkat, Ronald; Sun, Rongrong - 2008

In the long history of rising and persistent unemployment in Europe almost all institutions - employment protection … identified as more plausible causes for rising equilibrium unemployment in Europe. Monetary policy has managed to be regarded as … tight monetary policies may have been the major - although probably not the only - cause of unemployment in Europe remaining …

Persistent link: https://www.econbiz.de/10010291100