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Coherence of output gaps in the euro area : the impact of the Covid-19 shock

Haan, Jakob de; Jacobs, Jan; Zijm, Renske - 2022

Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

Persistent link: https://www.econbiz.de/10013168003

Money can't buy EU love : European funds and the Brexit referendum

Fidrmuc, Jan; Hulényi, Martin; Tunali, Çiğdem Börke - 2016

We explore the role of the transfers that UK regions received from the European structural and cohesion funds, as well as other economic and social factors, in determining the support for the Remain vote in the Brexit referendum. We find that past European transfers have played virtually no role...

Persistent link: https://www.econbiz.de/10011544086

The diversity of debt crises in Europe

Stein, Jerome L. - 2011

The foreign debts of the European countries are at the core of the current crises. Generally, the crises are attributed to government budget deficits in excess of the values stated in the Stability and Growth Pact (SGP)/Maastricht treaty. Proposals for reform generally involve increasing the...

Persistent link: https://www.econbiz.de/10009010063

Fiscal rules, financial stability and optimal currency areas

De Grauwe, Paul; Foresti, Pasquale - 2015

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co … conclude that the intense fiscal rules that have been introduced in the Eurozone after the emergence of the debt crisis reduced …

Persistent link: https://www.econbiz.de/10010533078

Central bank policies and financial markets : lessons from the Euro crisis

Mody, Ashoka; Nedeljkovic, Milan - 2018 - This version: November 20, 2018

The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …

Persistent link: https://www.econbiz.de/10011942687

Finance and income inequality : a review and new evidence

Haan, Jakob de; Sturm, Jan-Egbert - 2016

Using a panel fixed effects model for a sample of 121 countries covering 1975-2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...

Persistent link: https://www.econbiz.de/10011536253

Is the completion of EU single market hindered by VAT evasion?

Gebauer, Andrea; Nam, Chang-woon; Parsche, Rüdiger - 2003

The planned movement to the origin principle with the cross-border pre-tax system on a full-scale would lead, ceteris paribus, to changes in VAT revenues in the individual EU countries. For instance, the member countries with trade surpluses and higher VAT rates would be significantly better...

Persistent link: https://www.econbiz.de/10011508012

The assignment of powers in an open-ended European Union

Salmon, Pierre - 2003

A major characteristic of the European Union is its transitional or evolving nature, in particular with regard to the assignment of powers between the two main levels of government. More precisely, under current constitutional arrangements, this evolving nature takes the form of an integration...

Persistent link: https://www.econbiz.de/10011508094

Measurement of value added tax evasion in selected EU countries on the basis of national accounts data

Nam, Chang-woon; Parsche, Rüdiger; Schaden, Barbara - 2001

The size of tax evasion and fraud appears to be increasing steadily in the EU. To a certain extent, the completion of Single Market has further encouraged firms and households evasive behaviour in paying value added taxes in the EU Member States, whereas such efforts have traditionally been most...

Persistent link: https://www.econbiz.de/10011398040

Rallying around the EU flag : Russia's invasion of Ukraine and attitudes toward European integration

Steiner, Nils D.; Berlinschi, Ruxanda; Farvaque, Étienne; … - 2022

This paper uses a survey among students at European universities to explore whether Russia's invasion of Ukraine has affected attitudes toward European integration. Some respondents completed the survey just before Russia's assault on February 24, 2022, and some did so just afterwards, thus...

Persistent link: https://www.econbiz.de/10013337582