In 2004 when the EU expanded from 15 to 25 member countries, all EU15 countries except Sweden made use of the possibility to temporarily restrict the new EU citizens’ access to their labour markets and welfare systems for up to seven years. The UK and Ireland only imposed minor restrictions.
Eastern European migrants are net contributors – not costs – in the West
Joakim Ruist, 17 September 2013
Growing together: Croatia and Latvia
Thorvaldur Gylfason, Eduard Hochreiter, 8 December 2010
Croatia and Latvia regained independence in the early 1990s. While Latvia could promptly start adjusting its policies to prepare for its integration into the EU (and NATO), Croatia suffered a bloody war of independence that, including its political aftermath, set its EU ambitions back by about a decade.
Regional development policies: Place-based or people-centred?
Indermit Gill, 9 October 2010
Foreign-currency loans in Eastern Europe: Borrower pull or bank push?
Martin Brown, Karolin Kirschenmann, Steven Ongena, 13 September 2010
A large share of firms and households in Eastern Europe borrow in a foreign currency, i.e. the euro or Swiss franc, rather than in their domestic currency (see Figure 1). Unhedged foreign currency (FX) borrowing by the private sector is seen as a major threat to financial stability in the region and has led to a strong response from national authorities.
The crisis in Eastern Europe: What is to be done?
Vladimir Gligorov, Michael A. Landesmann, 16 March 2009
The issue of crisis in the East is really about the ability of the EU to take on obligations in the areas covered by the common market principles irrespective of whether these arise in one or the other region within the EU and even in countries outside of the EU.
Crisis in Eastern Europe: Manageable – but needs to be managed
Erik Berglöf, 28 February 2009
The leaders of Europe will meet this weekend to respond to the rapid deterioration of the economic situation in Emerging Europe. The situation varies a great deal; some countries have been more prudent in their policies than others. But all are joined, more or less strongly, through the deeply integrated European banking system.
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- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
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- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Adelman, 28 October 2013
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CEPR Policy Research
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- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
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- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi
- WTO 2.0: Global governance of supply-chain tradeBaldwin
- Is US economic growth over? Faltering innovation confronts the six headwindsGordon
- The economic crisis: How to stimulate economies without increasing public debtWood