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Persistent link: https://www.econbiz.de/10014306478
In the last years, a number of contributions has argued that monetary - and, more generally, economic - policy is finally becoming more of a science. According to these authors, policy rules implemented by central banks are nowadays well supported by a theoretical framework (the New Neoclassical...
Persistent link: https://www.econbiz.de/10010328656
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...
Persistent link: https://www.econbiz.de/10011605369
In the context of Turkey's accession to the EU, the issue of potential migration from Turkey and its impact upon … European labor markets became one of the concerns of the EU, considering Turkey's growing population and young labor force. In … 2011, half a century after the bi-lateral agreement between Turkey and Germany on labor recruitment in 1961, migration …
Persistent link: https://www.econbiz.de/10010308135
There is a fear that if Turkey were given admission to the EU massive migration to the other member countries of the EU … variable in making migration decisions. It suggests that the more prosperous and stable Turkey is expected to be in the future … the less likely a person will now want to migrate. Hence, the greater certainty now that Turkey will gain admission in to …
Persistent link: https://www.econbiz.de/10010290337
This paper analyzes possible incidences of Turkish EU accession on the emigration from Turkey to the European Union … scenarios of Turkish migration to the EU. Eventual migration flows from Turkey into the EU are forecasted based on the estimated … results. We find that seemingly unrelated regressor is the most efficient estimator that can be applied in Turkey-EU migration …
Persistent link: https://www.econbiz.de/10010322162
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The New Keynesian Phillips Curve (NKPC) has recently set up...
Persistent link: https://www.econbiz.de/10011310240
premium and thus the effect of the increase in the external finance premium which diminishes output for Turkey over the period …
Persistent link: https://www.econbiz.de/10011310246
Persistent link: https://www.econbiz.de/10011695765
Persistent link: https://www.econbiz.de/10011695766