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Fiscal divergence and business cycle synchronization: Irresponsibility is idiosyncratic

Darvas, Zsolt; Rose, Andrew K.; Szapáry, György - 2005

also find evidence that reduced fiscal deficits increase business cycle synchronization. The Maastricht “convergence … criteria,” used to determine eligibility for EMU, encouraged fiscal convergence and deficit reduction. They may thus have … indirectly moved Europe closer to an optimum currency area, by reducing countries’ abilities to create idiosyncratic fiscal …

Persistent link: https://www.econbiz.de/10010322450

Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic

Darvas, Zsolt; Rose, Andrew K.; Szapáry, György - Magyar Nemzeti Bank (MNB) - 2005

Persistent link: https://www.econbiz.de/10005146785

Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic

Darvas, Zsolt; Rose, Andrew K; Szapáry, György - C.E.P.R. Discussion Papers - 2005

also find evidence that reduced fiscal deficits increase business cycle synchronization. The Maastricht 'convergence … criteria', used to determine eligibility for EMU, encouraged fiscal convergence and deficit reduction. They may thus have … indirectly moved Europe closer to an optimum currency area, by reducing countries' abilities to create idiosyncratic fiscal …

Persistent link: https://www.econbiz.de/10005792350

Impact of the Euro Adoption on the Economy of Latvia

Bitans, Martins; Kauzens, Egils - Latvijas Banka - 2004

In the past decade, Latvia's macroeconomic structure and the financial system have undergone momentous and radical changes, and the experience gained so far supports the assumption that the economy has been able to adjust effectively to changes in external environment. The calculations based on...

Persistent link: https://www.econbiz.de/10005012867

Trade and the evolving world economy

Chichilnisky, Graciela; Heal, Geoffrey - Volkswirtschaftliche Fakultät, … - 1986

Although American business leaders do not like protectionism, more and more of them are concluding that too many countries are stacking the deck against American competitors. The severe recession of 1980-83 and its lingering effects in certain regions and business sectors; unemployment stuck at...

Persistent link: https://www.econbiz.de/10005789463

Globalization and a welfare program for the marginalized

Broll, Udo; Kemnitz, Alexander; Mukherjee, Vivekananda - 2009

We study the economic relationship between globalization and inequality within a country. In a partial equilibrium it is shown even when the local government exclusively maximizes the welfare of the marginalized (unemployed) people, relative consumption inequality between employed and the...

Persistent link: https://www.econbiz.de/10010300613

A Theoretical Approach on the Strategic Partnership Between the European Union and the Russian Federation

Gentimir, Razvan-Alexandru - In: CES Working Papers 7 (2015) 2, pp. 288-295

applying them to the relationship and cooperation between the European Union and the Russian Federation, thus emphasizing its …, when policy contradictions block the evolution of the partnership. …

Persistent link: https://www.econbiz.de/10012017208

Restrictive policy impacts in emerging economies

Zehri, Chokri - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-18

The policy responses to capital flows in emerging markets are multiple. However, capital inflow controls, if applied … neighboring countries. These multilateral effects raise the challenge of optimal policy coordination. …

Persistent link: https://www.econbiz.de/10014001595

Globalization and a welfare program for the marginalized

Broll, Udo; Kemnitz, Alexander; Mukherjee, Vivekananda - Fakultät Wirtschaftswissenschaften, Technische … - 2009

Persistent link: https://www.econbiz.de/10009226189

Cyberbullying at Work: In Search of Effective Guidance

West, Bettina; Foster, Mary; Levin, Avner; Edmison, Jocelyn - In: Laws 3 (2014) 3, pp. 598-617

With rapid technological change has come a blurring of boundaries between personal and workplace space. Employers are challenged to develop guidelines and policies to direct the appropriate use of technology to maintain a civil workplace. Because of the lack of shared understanding, or even...

Persistent link: https://www.econbiz.de/10010891283