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It is in Europe's interest to preserve the rules-based international order, fending off challenges to it by revisionist powers, notably China and Russia. Europe has opted to jump on the US bandwagon to preserve the rules-based order and acts as balance against China. But Europe's approach to...
Persistent link: https://www.econbiz.de/10014413923
This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank...
Persistent link: https://www.econbiz.de/10012816140
The paper investigated the difference the EU made to the nature and speed of convergence process in the countries that … joined the EU since 2004 relative to countries that converged outside such closely-knit supranational organization. It draws …
Persistent link: https://www.econbiz.de/10012816145
The production networks in East Asia and European Union are characterized by large shares of trade in intermediate goods or network trade between countries within each region. However the pattern of network trade in the two regions could be very different due to regional variations in...
Persistent link: https://www.econbiz.de/10012816227
Narratives that portray macroeconomic policies in Japan as unlike ones pursued in other large economies persist. I revisit how several factors, including monetary, fiscal, and demographic factors impact Japan, the US, and the euro area. Panel VARs driven by factors or observed macroeconomic...
Persistent link: https://www.econbiz.de/10014447638