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The Euro’s Trade Effect under Cross-Sectional Heterogeneity and Stochastic Resistance
Herwartz, Helmut; Weber, Henning - Institut für Weltwirtschaft (IfW) - 2010
This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which are specific to each sector in each country pair, control...
Persistent link: https://www.econbiz.de/10008550503
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Towards a European Constitution: Fiscal Federalism and the Allocation of Economic Competences
Stehn, Jürgen - Institut für Weltwirtschaft (IfW) - 2002
The paper analyzes one important aspect of the constitutional debate: the allocation of econornie competences between the EU and the mernber states. It takes the theory of fiscal federalism as a starting point for an optimal allocation of economic competences. The main message of the theory is...
Persistent link: https://www.econbiz.de/10005755141
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Resource-Based Reluctance, Reversed Asymmetry, and Non-Trade Integration Incentives - Theory and Evidence from European Neighbourhood
Franke, Anja; Gawrich, Andrea; Melnykovska, Inna; … - Institut für Weltwirtschaft (IfW) - 2009
end of bilateral relations. At the other extreme, Ukraine depends on EU cooperation, especially with respect to trade. We …
Persistent link: https://www.econbiz.de/10005026906
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Sectoral Distortions and Service Protection in Russia. A Comparison with Benchmark Emerging Markets and EU Accession Candidates
Langhammer, Rolf J. - Institut für Weltwirtschaft (IfW) - 2007
Recent empirical research on efficiency gains for Russia from WTO membership concludes that service trade … accession countries are also high and variant and thus cannot serve as a proxy for the “economic distance of Russia to Brussels … services (i.e., energy distribution), Russia will probably not open its service sector for EU suppliers more than is required …
Persistent link: https://www.econbiz.de/10005566216
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Monetary versus non-monetary pro-poor growth: Evidence from rural Ethiopia between 2004 and 2009
Kacem, Rami Ben Haj - Institut für Weltwirtschaft (IfW) - 2012
The aim of this paper is to contribute to the debate on the pro-poor growth measurement techniques using monetary versus non-monetary indicators. In this context, an alternative method for introducing non-monetary indicators into monetary pro-poor growth analysis is presented. The method is...
Persistent link: https://www.econbiz.de/10010956036
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Makroökonomische Stabilisierung und Wirtschaftswachstum in Lateinamerika: Was bringt die Debatte über den Washington-Konsens?
Schweickert, Rainer; Thiele, Rainer - Institut für Weltwirtschaft (IfW) - 2004
This paper assesses to what extent the arguments put forward in the consensus debate can help explain the different economic performance of Latin American and Asian countries. The paper shows that Latin America and fast-growing Asia indeed differ significantly with respect to all economic policy...
Persistent link: https://www.econbiz.de/10005755179
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Why Donors of Foreign Aid Do Not Coordinate: The Role of Competition for Export Markets and Political Support
Fuchs, Andreas; Nunnenkamp, Peter; Öhler, Hannes - Institut für Weltwirtschaft (IfW) - 2013
Development assistance has been criticized for a lack of coordination between aid donors. This paper argues that competition for export markets and political support prevents donor countries from closer coordination of aid activities. To test these hypotheses, we perform logit and fractional...
Persistent link: https://www.econbiz.de/10010886960
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Structural heterogeneity and partial budgetary cooperation in a monetary union
Menguy, Séverine - Institut für Weltwirtschaft (IfW) - 2012
The paper analyzes the usefulness of budgetary cooperation in a monetary union, even if it is limited to a subgroup of countries with close structural characteristics. The author finds that its advantages depend on the nature of the shocks and on the width of the heterogeneities within the...
Persistent link: https://www.econbiz.de/10010956125
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Global Governance of Global Monetary Relations: Rationale and Feasibility
Frieden, Jeffry A. - Institut für Weltwirtschaft (IfW) - 2008
Is there a valid argument for international cooperation, and some form of international governance structure, in the international monetary realm? On the purely economic front, the argument is not strong. Yet a broader political economy approach concludes that national currency policy can in...
Persistent link: https://www.econbiz.de/10005083396
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Measuring Long-Run Exchange Rate Pass-Through
de Bandt, Olivier; Banerjee, Anindya; Kozluk, Tomasz - Institut für Weltwirtschaft (IfW) - 2007
The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro area countries and reviews some problems with the measures recently proposed in the literature. Theoretical considerations suggest a long-run Engle and Granger cointegrating...
Persistent link: https://www.econbiz.de/10005083403