This chapter offers a framework to analyse the impact of EU membership on economic ("means"), institutional ("ways") and social ("ends") convergence of EU11 countries to the frontier. It identifies the channels through which this impact works: trade, investment, finance, migration and...

"This book analyzes the economic performance of the EU in the first five years after its largest expansion in 2004. Accession and integration were expected to foster growth and convergence among the new Member States through intensified trade, foreign direct investment, financial deepening and...

The paper analyzes foreign exchange market volatility in four Central European EU accession countries in 2001-2003. By using a Markov regime-switching model, it identifies two regimes representing high- and low-volatility periods. The estimation results show not only that volatilities are...

Az utóbbi másfél évtized példátlan kihívás elé állította a makrogazdasági politikai döntéshozatalt. A modern gazdaságpolitikai döntéshozatal hosszú ideje különböző modellekre támaszkodott mind nemzeti, mind nemzetek feletti szinten. Azonban egyik standard modell sem látta...