September 15, 2017

Working Paper: Firm Responses to an Interest Barrier - Empirical Evidence

Finish VATT Institute for Economic Research scientists Jarkko Harju, Ilpo Kauppinen and Olli Ropponen have studied the interesting effects of an interest barrier that was introduced in Finland to restrict the profit-shifting opportunities of multinational enterprises (MNEs). Our Nordic EconPol Europe Partners found that Finnish MNEs responded to the interest barrier by decreasing their financial expenses, but not only. ...Details

September 12, 2017

Working Paper: Europe at the Interdependence War

The EMU has been founded on the exclusive national responsibility doctrine, except for monetary sovereignty devoted to a single bank. Italian economist Roberto Tamborini, Università di Trento, speaks out on why the strong interdependent linkages among the partner countries impair the national responsibility notion and make the country-by-country approach of the EMU policies so dramatically harmful. ...Details

August 28, 2017

Policy Brief: Why are Macroeconomic Imbalances so Important for the EMU?

Are convergent growth rates a sine-qua-non condition for a monetary union? Is there any economic tendency towards this outcome? Economist Roberto Tamborini, Università di Trento, says: "Higher growth across Europe is a valuable aim but is the devotion to pro-growth and convergence policies and to the formalisation of the convergence process in Europe's Economic and Monetary Union the correct answer? The EconPol Europe network partner recommends quickly having a closer look. ...Details