We study the impact of changing relative market access in an enlarged EU on the economies of incumbent Objective 1 regions. First, we track the impact of external opening on internal spatial configurations in a three-region economic geography model. External opening gives rise to potentially...

This paper studies the relationship between region-specific shocks in the European labour market and unemployment rates in Europe.

A new method is proposed to measure the underlying ("structural") surplus/deficit of a government budget. It does not rest on the notion of "full-employment GDP" but aims at modelling the fiscal behavior of the government in the widest sense. The basic idea is to identify what is systematic in...