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This paper argues that fiscal convergence in the Euro area has been achieved at the expenses of real divergence in unemployment, investment and at, at least temporarily, growth. Statistical and econometric analysis support the view that the current fiscal framework has addressed debt...
Persistent link: https://www.econbiz.de/10011714062
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information about member states' potential output and, therefore, output gap and (ii) bail-out among member states. In our framework, bail-out lowers the scope for signalling (discrimination) by member states...
Persistent link: https://www.econbiz.de/10011714310
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resources, and uranium can be recovered as a by-product from millions of tonnes of phosphate imported annually by EU. Sandstone …
Persistent link: https://www.econbiz.de/10014635970
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initiative, the European Union (EU) and the Turkish government agreed on a migration agreement in 2016. The EU-Turkey agreement … aimed at limiting irregular migration to the EU and, in turn, improving the humanitarian conditions for refugees in Turkey … Syrien zu begrenzen. Vorangetrieben von Deutschland beschlossen die Europäische Union (EU) und die türkische Regierung im …
Persistent link: https://www.econbiz.de/10015066912
The regularity and legality of EU spending, i.e. the conformity of incurred expenditures with relevant legislation, is … an important measure of efficiency. It is also a key pre-condition for the effectiveness of EU funds. The present paper … aims to understand the main determinants of irregular spending in EU cohesion policy funding: this is a highly important …
Persistent link: https://www.econbiz.de/10015072295
We study whether the sensitivity of economic, health, and livelihood outcomes to climate extremes has declined over the last half century, consistent with adaptation. Understanding whether such adaptation is already occurring is central to anticipating future climate damages, to calibrating the...
Persistent link: https://www.econbiz.de/10015072926