Showing 1 - 10 of 59
The paper examines the timing of exit from the interwar gold-exchange standard for a panel of European countries, based on monthly data over the period January 1928 - December 1936. I show that the decision of exit from gold can be understood in terms of a trade-off between a quite limited set...
Persistent link: https://www.econbiz.de/10005788926
The Maastricht transition strategy towards monetary union is based on the idea that the transition strategy should be gradual, and that entry into the union should be conditional on the fulfilment of convergence criteria. It is argued in this paper that this approach is not based on an economic...
Persistent link: https://www.econbiz.de/10005789068
. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies …. The primary theme of the paper is that the differences between Europe and the United States have been substantially … exaggerated in recent work. Europe has neither greater nominal wage flexibility nor more rigid real wages than the United States …
Persistent link: https://www.econbiz.de/10005789135
Western Europe had already diverged from the East and reached high numeracy levels by 1600, long before the rise of mass …
Persistent link: https://www.econbiz.de/10005791567
, the completion of Europe's domestic market could exert a profound influence on nonmember countries. This paper examines …
Persistent link: https://www.econbiz.de/10005791809
, focusing on Europe in the late 19th century period as a guide for modern debates. For this purpose, we first estimate a gravity …
Persistent link: https://www.econbiz.de/10005791820
rates in Europe. It is, however, unclear which features characterise the South of Italy compared to other Peripheral areas … carries out a comparative analysis of unemployment rates of the different ‘Mezzogiornos of Europe’. Finally, some policy …
Persistent link: https://www.econbiz.de/10005792261
The paper surveys recent analyses of rising unemployment in Europe based on the concept of the natural rate. It argues …
Persistent link: https://www.econbiz.de/10005792267
This paper constructs a simple model of the steel sector in Europe distinguishing eight West and two East European … second to explore the consequences of the mutual trade liberalization between Eastern and Western Europe envisaged under the … Europe Agreements. The latter allow major increases in output in the East (18%) and offer Western steel users significant …
Persistent link: https://www.econbiz.de/10005792435
length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth …
Persistent link: https://www.econbiz.de/10005792491