The paper proposes a novel method to assess whether real investment can be nowcasted based on information that is available the stock market. market index daily sampling frequency assessed as predictor of gross fixed capital formation quarterly frequency. For France, Germany, Greece, and Spain (four representative countries eurozone), we find significant empirical evidence from does produce acc...

Under what conditions are governments able to liberalize labor markets? I leverage the cases of Portugal and Spain, two countries hit by Eurozone crisis constrained in their policy options, that diverge key measure mandated international creditors recover – decentralization collective bargaining. Against common assumption liberalization is widely embraced capital, show only advance reforms when...

The COVID-19, or, the coronavirus crisis represents an unprecedented global threat in recent history that, as symmetric external shock, affects social and economic dynamics of different countries regions on both macro micro levels. aim paper is to provide a critical overview policy responses ongoing EU and, particular, eurozone. tends answer question whether proposed monetary fiscal actions fea...

This paper shows that, contrary to their favourable effect in the EU non-FCC (Former Communist Countries), fiscal rules do not significantly affect performance group of FCC. finding, which may echo differences between FCC and other inherited from Cold War period, is robust when considering various estimation methods, dividing along dimensions, using several observed computed measures performanc...

This paper examines the factors that influence effectiveness of fiscal governance in EU through a panel 19 Eurozone countries for period 1999–2019 using an OLS method. The results show positive effects economic growth, inflation and change general government balance on forecast error. Furthermore, error is negatively affected by level public debt elections. Fiscal transparency integrated into a...

This study examines banking transformations in Central and Eastern Europe (CEE) under conditions of economic liberalization, dependence between development countries efficiency their systems. The comparative method methods economic-mathematical modeling were applied. Considering the positive correlation financial structure growth, confirmed by literature findings, sector can become a crucial fa...

Eurozone has grouped 18 countries in the European area, with different tax systems and thus, on the background of a common monetary policy numerous decisions and commitments for fiscal harmonization were adopted. Unfortunately, the realities did not carried into effect the ambitions assumed, different fiscal sovereignties have perpetuated their coexistence within the well-known frames, insuffic...