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Meta-analysis of the business cycle correlation between the euro area and the CEECs

Fidrmuc, Jarko (contributor); Korhonen, Iikka (contributor) - 2006

countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 …

Persistent link: https://www.econbiz.de/10003301362

Automatic stabilizers and economic crisis : US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

Persistent link: https://www.econbiz.de/10003922975

Tax-benefit systems in Europe and the US : between equity and efficiency

Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2011

approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …

Persistent link: https://www.econbiz.de/10009240828

Why has the Euro been falling?

Sinn, Hans-Werner; Westermann, Frank - 2001

This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...

Persistent link: https://www.econbiz.de/10011398903

The economics of investor protection : ISDS versus national treatment : presented at CESifo Area Conference on Global Economy, May 2015

Kohler, Wilhelm; Stähler, Frank - 2016 - Version of February 16, 2016

This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign investment is subject to domestic regulation and a holdup problem. It shows that ISDS can mitigate the holdup problem and increases aggregate...

Persistent link: https://www.econbiz.de/10011431559

Reconciling insurance with market discipline : a blueprint for a European fiscal union

Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Persistent link: https://www.econbiz.de/10011431564

An unemployment insurance scheme for the euro area? : a comparison of different alternatives using micro data

Dolls, Mathias; Fuest, Clemens; Neumann, Dirk; Peichl, … - 2015

We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...

Persistent link: https://www.econbiz.de/10011375679

The minimum inflation rate for Euroland

Reutter, Michael; Sinn, Hans-Werner - 2000

As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is impossible to find a common monetary policy that will result in price stability in all countries. Based on empirical estimates of the Balassa model, the paper calculates a minimum...

Persistent link: https://www.econbiz.de/10009786718

Foreign languages and trade

Fidrmuc, Jan; Fidrmuc, Jarko - 2014

main languages used in EU and candidate countries. We show that widespread knowledge of languages is an important …

Persistent link: https://www.econbiz.de/10010250043

Social union, convergence and migration

Sinn, Hans-Werner; Ochel, Wolfgang - 2003

need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …

Persistent link: https://www.econbiz.de/10011507973