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Persistent link: https://www.econbiz.de/10005062846
budget constraints should lead to a forward looking European enlargement policy towards candidate countries with agriculture …
Persistent link: https://www.econbiz.de/10005038837
Persistent link: https://www.econbiz.de/10011428083
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
researchers had been predicting an acceleration in wage growth under EMU (Iversen and Soskice 1998; Iversen et al 2000; Cukierman … enhanced monetary credibility in EMU. Whilst building on a similar argument, this paper adds to it in important respects. First …
Persistent link: https://www.econbiz.de/10005590567
The decision on which countries will participate in European Monetary Union (EMU) is to take place as early as possible … identifying EMU factors which specifically relate to retailing, identifies the key areas which retailers need to consider in … planning a strategy to take account of the possibility that EMU will take place in at least some major EU economies.  …
Persistent link: https://www.econbiz.de/10014803860
Studies on EU enlargement mostly focus on its welfare-economic and much less so on its public-choice dimension. Yet … exploring theoretically and empirically how enlargement of multi-level systems like the EU affects satisfaction with democracy … that draws on the probability of being outvoted. We find that, given the institutional arrangement, enlargement tends to …
Persistent link: https://www.econbiz.de/10010292650