Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms …, consumption, and labour mobility behaviour to address several other issues like welfare and sustainability in terms of foreign … indebtedness. At the same time we evaluate the impact of convergence on the EU-15 countries also, by endogenising offshoring and …

This paper provides instrumental variables estimates of the response of aggregate private consumption to transitory … transitory shocks to aggregate output on private consumption in poor countries. …

We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the …

order of 1% of permanent consumption equivalent. …

part applies the methodology to the long-run allocation of capital and consumption in a large cross section of countries … systematic relation between fast growth and preference for delayed consumption. The third part applies the methodology to the …

sector. A period of large capital inflows, triggered by a fall in the interest rate, is associated with a consumption boom …. While the increase in tradable consumption is financed through foreign borrowing, the increase in non-tradable consumption …