Summarised from the National Institute Economic Review, No. 196, April 2006. To order a the full version of this article or a subscription, please contact Sage Publications by telephone: +44 (0) 20 7324 8701, email: mailto:subscriptions@sagepub.co.uk or online at http://ner.sagepub.com. ¥...

This paper explores the impact of openness, as measured by import penetration, on the size and duration of fiscal multipliers and spillovers across European Union members. The analysis is embedded in a macroeconomic model, NiGEM, to capture structural differences across countries, time and...

Output growth in the Euro Area has been disappointing since the formation of EMU. This may be the consequence of the new monetary and exchange rate arrangements, but it is necessary to remove the effects of other factors such as the growth of labour input, skills, knowledge and risk premia. This...

edited by Marco Buti, Servaas Deroose, Vitor Gaspar and Jo‹o Nogueira Martins

Vienna, Forthcoming in Empirica

presented at MMF Cambridge University conference at Trinity College February 2007 and at an HM Treasury Seminar April 2007

Output growth in the Euro Area has been disappointing since the formation of EMU. This may be the consequence of the new monetary and exchange rate arrangements, but it is necessary to remove the effects of other factors such as the growth of labour input, skills, knowledge and risk premia. This...

(EUROPEAN ECONOMY. ECONOMIC PAPERS. 318. April 2008. 62pp. Tab. Graph. ) KC-AI-08-318-EN-C ISBN: 978-92-79-08243-6 ISSN: 1725-3187 Description for web page This study addresses and evaluates the impacts of the introduction of the euro on both actual and potential output and employment. In order...