The article shows that reservations in Europe against Turkey's future membership are really groundless. A Muslim nation already was a member of the EU: Algeria. When Algeria was still a colony, it joined the EU (then: European Economic Community) on January 1st 1958 as a French "Departement",...

In this paper, we examine the exchange rate volatility in selected new EU Member States (Czech Republic, Hungary, Poland, Slovakia) and candidate countries (Croatia, Romania, Turkey) using TARCH model and daily data from the period May 2004 – December 2006. Besides the volatility estimation,...

This paper attempts to investigate the linkage between the excess money supply growth and inflation in Pakistan and to test the validity of the monetarist stance that inflation is a monetary phenomenon. The results from the correlation analysis indicate that there is a positive association...

Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a Phillips curve, the natural rate is an equilibrium condition...

“Being rich in energy resources – a blessing or a curse” finds that an energy resource curse plagues many EU supplier states. This in turn directly affects Europe’s energy supply security and threatens to engulf Europe in unwanted hostilities at home and abroad. The study addresses seven...

Since the 1987 Single European Act, the European Union has deepened its integration process. In the case of the determination of the common external tariff, deeper integration implies that the tariff reflected union-wide preferences. If integration is still shallow, though, the observed tariff...

The book, which is available on-line, evaluates the performance of the EU accession countries in the field of social security; disabled people and social inclusion; youth, family and generation policy matters, health policy and veterinary policies. The overall positive evaluation of the maturity...

US poverty is much higher than poverty in Europe when a relative poverty measure is used. Using an absolute poverty measurement method, the picture looks different: poverty in some European countries is higher. This paper estimates poverty rates for all the countries of the (old) EU and the USA...

Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict the mean of future inflation, and the overwhelming evidence suggests that the macroeconomic indicators provide little or no predictability. In this paper, we expand the scope...

Die Unterschiede im Wirtschafts- und Gesellschaftssystem zwischen den USA und Europa waren zwar immer ausgeprägt, gewinnen aber seit dem Zusammenbruch des gemeinsamen Gegenmodells in der ehemaligen Sowjetunion und in Osteuropa und dem Lissabon-Prozess zunehmend an Bedeutung. Letztens hat diese...