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intra- and inter-industry trade as well as between trade from western and eastern Europe and we try to assess the relative …, imports from the west generally benefit wages in central and eastern Europe, while imports from the east rather tend to harm …
Persistent link: https://www.econbiz.de/10013138239
intra and inter-industry trade as well as between trade from western and eastern Europe and we try to assess the relative …, imports from the west generally benefit wages in central and eastern Europe, while imports from the east rather tend to harm …
Persistent link: https://www.econbiz.de/10011605290
Despite its rather broad goal of promoting 'economic, social and territorial cohesion', the existing literature has mainly focused on investigating the Cohesion Policy's growth effects. This ignores the fact that part of the EU expenditures is directly aimed at reducing disparities in the...
Persistent link: https://www.econbiz.de/10013118136
Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...
Persistent link: https://www.econbiz.de/10013142360
divergence in unit labour costs between the countries in Northern Europe and the countries in Southern and Eastern Europe may … thus partly be the result of capital flows from the core of Europe to the periphery prior to the global financial crisis …
Persistent link: https://www.econbiz.de/10013058551
In this paper we look at business cycles similarities between CEE countries and the euro area. Particularly, we uncover GDP-inflation cycles by adopting a trend-cycle decomposition model which allows the trend to be either stochastic or deterministic i.e. of the non-linear type. Once cyclical...
Persistent link: https://www.econbiz.de/10013081633
We study euro area investors' portfolio adjustment since the Brexit referendum in terms of securities issued in the UK or denominated in pound sterling, in the context of heightened policy uncertainty surrounding the exit process of the UK from the EU. Our sector-level analysis "looks-through"...
Persistent link: https://www.econbiz.de/10014239454
Is inflation persistence in the new EU Member States (NMS) comparable to that in the euro area countries? We argue that persistence may not be as different between the two country groups as one might expect. We confirm that one should work carefully with the usual estimation methods when...
Persistent link: https://www.econbiz.de/10012767014
countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of … activity across Europe. We also show evidence that CEE exporters have started to set up their own value chains in the CEE …
Persistent link: https://www.econbiz.de/10013315647
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much …
Persistent link: https://www.econbiz.de/10013316460