1,721,157 research outputs found
Macroeconomic prospects and policies for the European Community. Economic Papers No. 12, April 1983
Full text linkHealth not Wealth. CEPS Policy Brief No. 2, April 2001
Full text linkHealth, and not wealth, should be the decisive criterion when considering the prospects of the Central and Eastern European candidates for EU membership and the capacity of the EU to enlarge. Viewed from this perspective, the outlook is promising. The CEECs are still very poor, compared to most of the existing EU members, but they are also much more dynamic. Their growth rates are generally expected to remain around 4-5% for the foreseeable future, compared to about 2-3% for the EU. This still implies that full catch-up in terms of GDP per capita will take decades, rather than years, but full catch-up is not the relevant goal if one is concerned about enlargement. Experience in the EU has shown that problems are much more likely to arise from established rich member countries with stagnant economies (Belgium in the 1980s and part of the 1990s) than poor, but more dynamic states (e.g. Portugal and Ireland today). The fact that most of the so-called ‘periphery’ is now experiencing stronger growth than the ‘core’ confirms that EU integration benefits poorer countries even more
International co-operation in macro-economic policies. Economic Papers No. 28, February 1984. II/49/84-EN
Full text linkSupply of output equations in the EC-countries and the use of the survey based inflationary expectations. Economic Papers No. 13, May 1983
Full text linkApproche pragmatique pour une politique de plein emploi: les subventions a la creation d'emplois = Pragramatic approach for a policy of full employment: subsidies for the creation of employment. Economic Papers No. 22, October 1983
Full text linkMonetary assets and inflation induced distortions of the national accounts. The case of the Federal Republic of Germany. Economic Papers No. 25, January 1984. II/016/84-EN
Full text linkThe Turkish Banking Sector: Challenges and Outlook in Transition to EU Membership
No full textAlfred Steinherr, Ali Tukel and Murat Uce
Productive performance in West German manufacturing industry 1970-1980; A Farrell frontier characterisation. Economic Papers No. 18, August 1983
Full text linkInternational Trade, Hedging and the Demand for Forward Contracts
Full text linkOne of the main results of the literature on the effects of uncertainty on trade states that uncertainty should not matter in the presence of well developed forward markets. Empirical studies, however, do not support this result. We derive the demand for forward cover in a small open economy with terms of trade uncertainty. Adopting a standard and more realistic decision structure than the one usually used in this literature, we find that risk averse agents will not buy forwards at an unbiased price. Agents treat forward contracts as an asset rather than as an insurance. This is the reason why, when calibrating the model, only 17% of imports are covered by forwards. --
U.S. deficits, the dollar and Europe. Economic Papers No. 24, December 1983. II/473/83-EN
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