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of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy … position of the Parliament than the Council. A data set covering 66 dossiers with 162 controversial EU legislative proposals … Parliament and Commission; the latter two are significantly closer to each other than Council and Commission. …
Persistent link: https://www.econbiz.de/10010285063
In this paper, we examine the relationship between the euro exchange rate and domestic inflation in the EMU area. This issue has gained importance as the euro has depreciated around 20 per cent during the first eighteen months of EMU, and is now a serious concern for the European Central Bank...
Persistent link: https://www.econbiz.de/10010285143
Economic convergence of the new member countries (NMCs) of the EU towards the incumbent EU countries (EU-15), not only in terms of real income, but also in nominal terms, is of paramount importance for both partners. We build a dynamic CGE model, starting from the Balassa-Samuelson two-sector...
Persistent link: https://www.econbiz.de/10010285201
Using pooled mean-group estimation we first analyse conditional convergence in the EU15 area in 1960-2002. Conditional convergence is well documented for the EU15 countries and deeper European integration is mostly shown to have fastened convergence. Also higher investment, lower public...
Persistent link: https://www.econbiz.de/10010285202
This paper examines the economic effects of the opening of the former Soviet Union. The analysis carried out in the paper is two-fold. First we simulate the impact of the eastern enlargement of the EU and, second, we analyse how deeper integration between the EU and FSU contributes to this. The...
Persistent link: https://www.econbiz.de/10010285206
Tässä muistiossa käsitellään EU:n itälaajenemisen vaikutuksia Suomen tuotantorakenteeseen. Tarkastelu jakautuu neljään osaan. Ensiksi tarkastellaan KIE-maiden integroitumista kohti EU:ta. Todetaan, että EU:n laajenemisen suhteen vallitsee merkittävä epäsymmetria siinä, että...
Persistent link: https://www.econbiz.de/10010285213
Europe’s catching up of the US in per capita income levels has, with some exceptions, come to a halt and turned into a decline during the 1980s and 1990s with a simultaneous secular worsening in the EU unemployment situation. The aim of the paper is to present a systematic description of the...
Persistent link: https://www.econbiz.de/10010285247
Transatlantic trade relations between the European Union and the United States have evolved rapidly at the close of the 21st century. Alongside the benefits of free trade the relationship has been marred by trade disputes. The WTO arbitration and government and business initiated transatlantic...
Persistent link: https://www.econbiz.de/10010285267
The failure to achieve equitable access to university studies has turned the focus to the funding of European higher education systems. Since the large amounts of public subsidies injected in tertiary-level education have not succeeded in reducing disparities in access for children from...
Persistent link: https://www.econbiz.de/10010285282
This paper deals with fiscal policy coordination under the Stability and Growth Pact. In particular, it addresses the question of how fiscal policy can be coordinated within EMU, where countries still differ considerably in terms of country-specific shocks and fiscal policy multipliers. To...
Persistent link: https://www.econbiz.de/10010285290