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and benefits of EU membership for both Turkey and the EU. As far as Turkey is concerned, we focus on the costs and … words, Turkey stands to gain more than the EU but it is also the party that will be faced with higher adjustment costs …
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eventual accession of Turkey to the European Union. The results of the simulations show that Turkey's accession to the European …% of the initial TFP gap between Turkey and the European Union. That figure becomes 45% when capital mobility is introduced …. -- European Union ; Turkey ; Enlargement ; Dynamic General Equilibrium ; Open Economy Macroeconomics …
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The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by...
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Das Assoziationsabkommen zwischen der EG und der Türkei war als Vorbereitung für deren Aufnahme als Vollmitglied konzipiert. Bisher unüberbrückbare Meinungsverschiedenheiten haben die Schaffung der Beitrittsvoraussetzungen verhindert. Darunter fällt der Abbau der für EG-Importe geltenden...
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Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the...
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