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Austria's EU accession 25 years ago, alongside Finland and Sweden, was preceded by an extended period of convergence … toward the EU: via the free trade agreement concluded with the EC in 1973, and the participation in the European Economic … Area (EEA) in 1994. Although the COVID-19 crisis in 2020 seems to overshadow the overall positive balance of 25 years of EU …
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The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this...
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European Union has reached its limits. Drawing on the lessons of the Eurozone crisis and of Brexit, this chapter argues that … (treaty-based) variable geometry or differentiated integration in the core European Union (EU) institutions - especially … have to anchor EU integration. From an EU point of view, it does not make sense to accommodate member states' preferences …
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