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Deeper, wider and more competitive? : monetary integration, Eastern enlargement and competitiveness in the European Union

Ottaviano, Gianmarco I. P. (contributor); … - 2007

firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … located in participating economies. Enlargement has, instead, two contrasting effects. It improves the accessibility of EU …

Persistent link: https://www.econbiz.de/10003635984

The Maastricht convergence criteria and optimal monetary policy for the EMU accession Countries

Lipińska, Anna (contributor) - 2008

The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: How do the Maastricht convergence criteria modify optimal monetary policy in an...

Persistent link: https://www.econbiz.de/10003778818

Fiscal and monetary policy in the enlarged European Union (forthcoming)

Pogorelec, Sabina (contributor) - 2006

I build a quantitative two-country DSGE model of the European Union (EU) and investigate whether there are welfare … gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in … firms in the new EU countries. When there is no foreign ownership in the new EU countries, the euro area is indifferent …

Persistent link: https://www.econbiz.de/10003358603

The political economy under monetary union: has the euro made a difference?

Fratzscher, Marcel; Stracca, Livio - 2008

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...

Persistent link: https://www.econbiz.de/10003794175

Responses to monetary policy shocks in the east and the west of Europe : a comparison

Jarociński, Marek - 2008

This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...

Persistent link: https://www.econbiz.de/10003825885