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"Green" fiscal policy measures and non-standard monetary policy in the Euro Area
Bartocci, Anna; Notarpietro, Alessandro; Pisani, … - 2022
Persistent link: https://www.econbiz.de/10013383632
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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
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Equilibrium real interest rates and secular stagnation : an empirical analysis for euro area member countries
Belke, Ansgar; Klose, Jens - 2016
Is secular stagnation a valid concern for Euro Area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest rate and compare it to the actual real rate. We apply our approach to twelve Euro Area countries, since...
Persistent link: https://www.econbiz.de/10011500118
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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
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Structural reforms and zero lower bound in a monetary union
Gerali, Andrea; Notarpietro, Alessandro; Pisani, … - 2015
Persistent link: https://www.econbiz.de/10011520298
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Macroeconomic effects of simultaneous implementation of reforms after the crisis
Gerali, Andrea; Notarpietro, Alessandro; Pisani, … - 2014
Persistent link: https://www.econbiz.de/10011527352
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Business cycle convergence in EMU : a second look at the second moment
Crespo Cuaresma, Jesús; Fernández-Amador, Octavio - 2010
put them in contrast to the cyclical performance of the new members of the EU and other OECD countries. We use the … during the end of the 80s and the beginning of the 90s. The new EU members have also experienced a strong pattern of …
Persistent link: https://www.econbiz.de/10011374387
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Institutions and creative destruction in CEECs : determinants of inefficient use of assets
Fidrmuc, Jarko; Siddiquiy, Martin - 2015
We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
Persistent link: https://www.econbiz.de/10011375699
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EU enlargement and the future of the welfare state
Sinn, Hans-Werner - 2000
The eastern expansion of the EU resembles German unification in its mometousness. Whereas the latter led to a 26 …% increase in the population of the Federal Republic, the former will increase the population of the EU by 28% if all ten entry … and western Eurpean countries, a massive westward migration can be expected after EU expansion. A temporary east …
Persistent link: https://www.econbiz.de/10009781584
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Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited
Sinn, Hans-Werner; Feist, Holger - 2000
The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence the implicit entitlement to the 352 billion stock of...
Persistent link: https://www.econbiz.de/10009781634