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We examine the impact of eurozone membership on sovereign creditworthiness over the period 1996-2017. We find that: (a …) membership significantly improved sovereign creditworthiness, on average by well over one ratings notch, over this period; (b …
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1. Opening remarks -- 2. Fiscal policies and sustainability of public finances in the European Union -- 3. Fiscal policy challenges, sustainability of public finances and EU accession : the case of Turkey -- 4. Monetary policy in the Euro area : lessons from five years of the ECB and then...
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We analyze the coordination problem of agents deciding to join a group that uses membership revenues to provide a … static membership game admits a unique equilibrium and we characterize the optimal membership fee. We show that heterogeneity …
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Can the recent decline in union density in Europe be attributed to specific economic, social or institutional causes? Can unions influence these causes and reverse decline? Using two data sources; a representative survey of Dutch employees and a data set for European countries between 1950 and 1997;...
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