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Persistent link: https://www.econbiz.de/10010256698
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budget constraints should lead to a forward looking European enlargement policy towards candidate countries with agriculture …
Persistent link: https://www.econbiz.de/10005038837
" The imminent enlargement of the EU to as many as twenty-seven member states in the near future will pose severe … budgetary, administrative, and operational challenges for the current member states. However, the challenges of enlargement, as … economy; 3) reducing the high levels of unemployment and large government, trade, and current account deficits; 4) financing …
Persistent link: https://www.econbiz.de/10005819377
and persistent unemployment compared to Estonia during the period of EU enlargement. Traditional labour market … others suffer long periods of costly adjustment, typically high and persistent unemployment and temporary output losses. We … enlargement, which led to a modernization of many sectors in Eastern countries and to a fast decline of traditional industries and …
Persistent link: https://www.econbiz.de/10005791264
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Economic theory and empirical evidence suggest that fluctuations in exchange rates may have strong reallocation effects. Accession to the Exchange Rate Mechanism in 1992, and then to the European Monetary Union in 1999, implied a drastic change in the behaviour of Portugal's exchange rate...
Persistent link: https://www.econbiz.de/10004999582
Economic theory and empirical evidence suggest that fluctuations in exchange rates may have strong reallocation effects. Accession to the Exchange Rate Mechanism in 1992, and then to the European Monetary Union in 1999, implied a drastic change in the behaviour of Portugal’s exchange rate...
Persistent link: https://www.econbiz.de/10005010470
Economic theory and empirical evidence suggest that fluctuation in exchange rates may have strong reallocation effects. Accession to the Exchange Rate Mechanism in 1992, and then to the European Monetary Union em 1999, implied a drastic change in the behavior of Portugal´s exchange rate...
Persistent link: https://www.econbiz.de/10005042673
This paper argues that the Balassa-Samuelson effect is not of importance for the inflation target of the ECB. First, econometric tests of the Balassa-Samuelson effect suggest that its econometric significance is weak at best. Second, countries in the process of catching up require a real...
Persistent link: https://www.econbiz.de/10005029498