Showing 1 - 10 of 16
The paper considers economic reforms in the EU using an economic-political model which captures the possible myopia in economic policies, and analyses reforms in taxation, the welfare state, and in the labour and product markets. We show that high taxes and an extensive welfare state are likely...
Persistent link: https://www.econbiz.de/10010284920
The paper considers time series evidence on the relationships, and possible trade-offs, between productivity and employment, and on the impact of taxes in this connection. First, a theoretical model is built for an open economy leading to the identification of technology, non-technology and tax...
Persistent link: https://www.econbiz.de/10010284952
The paper considers time series evidence on the relationships, and possible trade-offs, between productivity and employment, and on the impact of taxes in this connection. First, a heoretical model is built for an open economy leading to the identification of technology, non-technology and...
Persistent link: https://www.econbiz.de/10010284954
Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market economies (EMEs) of Central and Eastern Europe towards the EU15 average by 2050. We estimate the countries’ initial capital stocks and project future investment as a function of...
Persistent link: https://www.econbiz.de/10010285011
The EU economies and their labour markets will face new challenges in the near future as the Union enlarges to cover the CEE countries and the mobility of labour becomes free within the region. This paper first discusses estimates made on the likely magnitude of the coming immigration and then...
Persistent link: https://www.econbiz.de/10010285018
The paper aims to shed light on the relationships between labour market institutions with respect to wage formation and the effectiveness of economic and labour market policies in enhancing employment and overall economic performance. We evaluate tax and benefit policies under four alternative...
Persistent link: https://www.econbiz.de/10010285023
The paper addresses the classical question how to lead the economy from a recession back to full employment in an open economy. In a recession caused by an adverse demand shock, optimal policies crucially depend on whether the income multiplier related to a policy is bigger than unity. This...
Persistent link: https://www.econbiz.de/10010285156
The paper combines the short-run link between increases in aggregate demand and growth of GDP, which leads to a reduction in unemployment, with a definition of the equilibrium rate of unemployment that is independent of the growth rate. We first present evidence from the EU and the US that...
Persistent link: https://www.econbiz.de/10010285183
One central issue in the creation of EMU was whether the common central bank could provide enough stability to the member countries abandoning their domestic monetary policies. In this paper, we analyze the stabilization policies of an EMU candidate country, outside and inside the monetary...
Persistent link: https://www.econbiz.de/10010285214
Specifying a structurally built NKM model for EMU, and identifying in it the determinants of the potential output and the short-run cyclical factors, we consider structural reforms and monetary and fiscal policies in the euro area. Especially, we analyse whether structural reforms are...
Persistent link: https://www.econbiz.de/10012037584