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Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86

Fischer, Stanley - 1987

Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and … Bundesbank and the Bank of Japan each focus on one money target, described by the Bundesbank as a target, and by the Bank of … Japan as a projection. None of the countries has stuck rigorously to the targets, though the Bank of Japan has come close …

Persistent link: https://www.econbiz.de/10012476592

Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China

Fehr, Hans - 2005

fall, the West and Japan see it rise by one fifth by 2030 and by three fifths by 2100. These wage increases are over and …, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period …

Persistent link: https://www.econbiz.de/10012467008

How Does Privacy Regulation Affect Transatlantic Venture Investment? Evidence from GDPR

Jia, Jian; Jin, Ginger Zhe; Leccese, Mario; Wagman, Liad - National Bureau of Economic Research - 2025

We examine how the GDPR affected transatlantic venture investment. Using investment data from 2014 to 2019, we find that the GDPR's rollout in May 2018 led to a significant decline in US investor activity in the EU, evidenced by fewer deals and investment, especially for newer and data-related...

Persistent link: https://www.econbiz.de/10015421859

Assessing the Effects of the MFA/ATC from US and World Trade Data after Its Removal

Yao, Daqing - 2015

In this paper we assess the effects of the MFA/ATC using both world trade and US data after its removal. Previous literature assesses its effects while in operation. The trade data we analyze are consistent with theoretical predictions of more trade volumes, lower product prices, smaller effect...

Persistent link: https://www.econbiz.de/10012457368

The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the US and Europe

Justiniano, Alejandro - 2011

We set-up a real business cycle model with search and matching frictions driven by several shocks, which nests full Nash Bargaining and wage rigidity as special cases and includes other transmission mechanisms suggested by the literature for the propagation and amplification of disturbances. The...

Persistent link: https://www.econbiz.de/10012461229

Systemic Sovereign Credit Risk : Lessons from the U.S. and Europe

Ang, Andrew - 2011

We study the nature of systemic sovereign credit risk using CDS spreads for the U.S. Treasury, individual U.S. states, and major European countries. Using a multifactor affine framework that allows for both systemic and sovereign-specific credit shocks, we find that there is considerable...

Persistent link: https://www.econbiz.de/10012461675

Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession

Carbo-Valverde, Santiago - 2011

This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...

Persistent link: https://www.econbiz.de/10012461870

Stochastic Growth in the United States and Euro Area

Ireland, Peter N. - 2011

This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which both neutral and investment-specific technology shocks are nonstationary but cointegrated across economies. The results point to large and persistent swings in productivity, both...

Persistent link: https://www.econbiz.de/10012461976

Automatic Stabilizers and Economic Crisis : US vs. Europe

Dolls, Mathias - 2010

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Persistent link: https://www.econbiz.de/10012462382

Monetary policy in Europe vs the US : what explains the difference?

Uhlig, Harald - 2009

This paper compares monetary policy in the US and EMU during the last decade, employing an estimated hybrid New Keynesian cash-in-advance model, driven by five shocks. It appears that the difference between the two monetary policies between 1998 and 2006 is due to both surprises in productivity...

Persistent link: https://www.econbiz.de/10012463653