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Optimal Currency Areas
Alesina, Alberto F.; Barro, Robert J.; Tenreyro, Silvana - 2021
dollar, the euro, or the yen. Although there appear to be reasonably well-defined euro and dollar areas, there does not seem …
Persistent link: https://www.econbiz.de/10013233010
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External Debt, Capital Flight and Political Risk
Alesina, Alberto F. - 2010
This paper provides an explanation of the simultaneous occurrence of large accumulation of external debt, private capital outflow and relatively low domestic capital formation in developing countries. We consider a general equilibrium model in which two types of government with conflicting...
Persistent link: https://www.econbiz.de/10012763021
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The Politics of Monetary Policy
Alesina, Alberto F. - 2010
political sustainability of currency unions in which more than one country share the same currency. A brief review of the Euro …
Persistent link: https://www.econbiz.de/10013145247
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Birthplace Diversity and Economic Prosperity
Alesina, Alberto F. - 2013
We use recent immigration data from 195 countries and propose an index of population diversity based on people's birthplaces. This new index is then decomposed into a size (share of foreign born) and a variety (diversity of immigrants) component and is available for 1990 and 2000 disaggregated...
Persistent link: https://www.econbiz.de/10013088673
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Who Adjusts and When? On the Political Economy of Reforms
Alesina, Alberto F.; Ardagna, Silvia; Trebbi, Francesco - 2021
Why do countries delay stabilizations of large and increasing budget deficits and inflation? And what explains the timing of reforms? We use the war of attrition model as a guidance for our empirical study on a vast sample of countries. We find that stabilizations are more likely to occur when...
Persistent link: https://www.econbiz.de/10013225052
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Economic Integration and Political Disintegration
Alesina, Alberto F.; Spolaore, Enrico; Wacziarg, Romain T. - 2022
Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets even relatively small cultural, linguistic or ethnic...
Persistent link: https://www.econbiz.de/10013322303
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The Euro and Structural Reforms
Alesina, Alberto F. - 2010
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms … theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the empirical evidence. We … find that the adoption of the Euro has been associated with an acceleration of the pace of structural reforms in the …
Persistent link: https://www.econbiz.de/10012758159