We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a similar size area-wide shock expressed as a weighted...

We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the members, using a global vector autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a similar size area-wide shock expressed as a weighted...

In this paper we examine the influence of economic factors on partisan support for European integration over the last three decades. We find that partisan support is larger in ‘poorer' countries with direct economic benefits from EU membership. On the other hand, parties in countries affected...

Globalization and growth-maximizing governments may cause countries to converge towards a similar composition of government expenditures. These convergent forces may be even more intensive in the case of EU Member States engaged in the European integration process. The results obtained, through...

This paper deals with the origin and the evolution of the European system of fiscal rules and discusses the perspectives for future developments. The early debate about the design of establishing a monetary union in a not optimal currency area, with decentralized fiscal policies, is...

This paper examines patterns and factors underlying the international transmission of business cycles between Ireland and its trading partners over the period 1980-2007. We estimate a model of simultaneous equations using a panel of cross–country annual data where trade integration, sectoral...

The paper assesses the heterogeneity of an enlarged European Union and discusses the role and contribution of CEECs on the development of this heterogeneity over time. The two central research questions are: What are the factors that distinguish between successful and less successful CEE...

We employ a large scale macroeconometric model to study transitory adjustment problems and long term welfare effects of a Norwegian EU-membership. Compared to the present European Economic Area (EEA) treaty, accession would primarily require economic reforms in the fields of agriculture, public...

We employ a large scale macroeconometric model to study transitory adjustment problems and long term welfare effects of a Norwegian EU-membership. Compared to the present European Economic Area (EEA) treaty, accession would primarily require economic reforms in the fields of agriculture, public...