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The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative …
Persistent link: https://www.econbiz.de/10011491086
With a large-scale econometric world model we derive policy multipliers and the parameters for the utility functions for 10 EMU countries and for the ECB. The gains from cooperation are calculated by comparing two equilibria, a Nash and a cooperative equilibrium. The cooperative equilibrium is...
Persistent link: https://www.econbiz.de/10011491576
economic activities in terms of both trade and foreign direct investment between the EU member states. The familiar equation …
Persistent link: https://www.econbiz.de/10011491806
Persistent link: https://www.econbiz.de/10011491861
A new macroeconomic evaluation of EU enlargement is undertaken with a world macroeconomic model taking into account all … gain around ten times more from enlargement than the EU. On average, enlargement is a win-win game. Hungary and Poland can … percent). The EU on average would gain around ½ percent of real GDP over a six year period. However, the impact is quite …
Persistent link: https://www.econbiz.de/10011491979
Persistent link: https://www.econbiz.de/10011492021
-skilled workers in EU manufacturing. Whereas in the short run international outsourcing exhibits a negative marginal effect on real …
Persistent link: https://www.econbiz.de/10011492033
exert a significant positive impact on real stocks of outward FDI to EU countries. We simulate the Agenda 2000 program and … obtain short-term and long-term effects of the EU country-specific changes in structural budgets on FDI to these countries. …
Persistent link: https://www.econbiz.de/10011492067
This paper assesses the impact of market power and multinationality in EU12 manufacturing industries on EU integration …
Persistent link: https://www.econbiz.de/10011492659
Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks whether monetary policy could not have been improved. In the last three years, Euroland was confronted with the first external shock. Oil prices increased considerably, leading to...
Persistent link: https://www.econbiz.de/10011492736