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Skill-specific rather then General Education : A Reason for US-Europe Growth Differences?

Krueger, Dirk - 2003

In this paper, we develop a model of technology adoption and economic growth in which households optimally obtain … between their growth rates will increase with the growth rate of available technology. By characterizing the optimal Ramsey … available technology. Our theory suggests that European education policies that favored specialized, vocational education might …

Persistent link: https://www.econbiz.de/10012469295

The Future of EMU : What Does the History of Monetary Unions Tell Us?

Bordo, Michael D. - 1999

The creation of EMU and the ECB has triggered a discussion of the future of EMU. Independent observers have pointed to a number of shortcomings or hazard areas' in the construction of EMU, such as the absence of a central lender of last resort function for EMU, the lack of a central authority...

Persistent link: https://www.econbiz.de/10012471419

Import Diversion under European Antidumping Policy

Vandenbussche, Hylke - 1999

This paper is the first to study empirically the effects of European antidumping actions on import diversion from importers 'named' in an antidumping investigation, and potentially subject to protectionist measures, to countries not named' in the investigation. For this purpose we use a unique...

Persistent link: https://www.econbiz.de/10012471444

Price Stability as a Target for Monetary Policy : Defining and Maintaining Price Stability

Svensson, Lars E.O. - 1999

This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...

Persistent link: https://www.econbiz.de/10012471507

Economic, Financial, and Fundamental Global Risk In and Out of the EMU

Ferson, Wayne E. - 1999

We explore the different factors that drive expected returns in world markets. Our research offers two innovations …

Persistent link: https://www.econbiz.de/10012471840

Monetary Policy Regimes and Economic Performance : The Historical Record

Bordo, Michael D. - 1997

both domestic and international aspects of the monetary regime before World War I has since declined in its relevance At … the same time, policymakers within major nations placed more emphasis on stabilizing the real economy. In the post-World …

Persistent link: https://www.econbiz.de/10012472613

Free Trade, Growth, and Convergence

Ben-David, Dan - 1997

What is the impact on output of movement towards free trade? Can trade liberalization have a permanent effect on output levels, and more importantly, does it have an impact on steady-state growth rates? The model developed here emphasizes the role" that knowledge spillovers emanating from...

Persistent link: https://www.econbiz.de/10012472719

Returns to Regionalism : An Evaluation of Non-Traditional Gains from RTAs

Fernandez, Raquel - 1997

The last decade has witnessed an explosion in the number of regional trade agreements (RTAs). There seems to be a general if ill-defined belief on the part of many policy-makers, and among a number of academics as well, that there is more to a RTA than the traditional gains from trade. This...

Persistent link: https://www.econbiz.de/10012472851

National Saving and International Investment

Feldstein, Martin - 1989

This paper extends earlier work by Feldstein and Horioka on the relation between domestic saving rates and international capital flows or, equivalently, between domestic saving rates and domestic investment. The basic conclusion of the present analysis is that an increase in domestic saving has...

Persistent link: https://www.econbiz.de/10012475877

Integration of the International Capital Markets : The Size of Government and Tax Coordination

Razin, Assaf - 1989

source-based tax schemes) is essential for the existence of an equilibrium in an integrated world economy …

Persistent link: https://www.econbiz.de/10012476193