This paper presents an empirical assessment of bilateral migration flows into the EU-15 countries. Using an extended gravity model, it identifies economic, welfare state, geo-spatial and linguistic variables as the principal determinants of migration flows into the EU-15 countries. The empirical...

This paper addresses the question of the efficacy of a fiscal rule such as the Stability and Growth Pact in Europe, and compares the latter to alternative rules. The model challenges the traditional comparative static analyses by proposing a filter for analysing such fiscal rules. The analysis...