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Zooming out : the trade effect of the euro in historical perspective

Berger, Helge; Nitsch, Volker - 2005

currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … integration, the euro's impact on trade disappears. Moreover, a significant part of the trend in European trade integration is …

Persistent link: https://www.econbiz.de/10010261162

Overcoming History Through Exit or Integration - Deep-Rooted Sources of Support for the European Union

Gehring, Kai - 2020

Preferences about the vertical distribution of power in federal systems are not well understood. I argue that negative historical experiences with higher-level governments can plausibly raise demands for exit strategies and a devolution of power. But integration, for instance delegating power...

Persistent link: https://www.econbiz.de/10012840224

The Impact of Consumer Protection in the Digital Age : Evidence from the European Union

Rösner, Anja - 2020

We investigate the effect of an EU-wide consumer protection regulation on consumer trust as well as consumer behavior. The Unfair Commercial Practice Directive (UCPD) was implemented by EU member states between 2007 and 2010. We utilize data from the Special and Flash Eurobarometer for the years...

Persistent link: https://www.econbiz.de/10012841928

Exchange Rates and Consumer Prices : Evidence from Brexit

Breinlich, Holger - 2020

This paper studies how the depreciation of sterling following the Brexit referendum affected consumer prices in the United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import costs across product groups. We show that, after the...

Persistent link: https://www.econbiz.de/10012844422

The Economic Effects of Brexit - Evidence from the Stock Market

Breinlich, Holger - 2018

We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors’ expectations about the effects of leaving the European Union on the UK economy. Our results suggest that initial stock price movements were driven by fears of a cyclical downturn and by the...

Persistent link: https://www.econbiz.de/10012908678

Is Hard Brexit Detrimental to EU Integration? Theory and Evidence

Mikolajun, Irena - 2018

In the struggle between the forces of free trade and the restrictive influence of insularism the latter recently seems to have the upper hand. This is illustrated by the referendum of June 23, 2016 where the United Kingdom (UK) voted to leave the European Union (EU). In this paper we evaluate...

Persistent link: https://www.econbiz.de/10012908727

Global Value Chains, Trade Shocks and Jobs : An Application to Brexit

Vandenbussche, Hylke - 2019

We develop a network trade model with country-sector level input-output linkages. It includes (1) domestic and global value chain linkages between all country-sectors, (2) direct as well as indirect shipments (via other sectors and countries) to a final destination, (3) value added rather than...

Persistent link: https://www.econbiz.de/10012892112

Strikes, Employee Workplace Representation, Unionism, and Industrial Relations Quality in European Establishments

Addison, John T. - 2019

Using cross-country data, this paper investigates the relationship between workplace representation and strikes. Works councils are associated with reduced strike activity. However, where union members make up a majority of works councillors, such union-dominated councils experience greater...

Persistent link: https://www.econbiz.de/10012892227

Quantifying Brexit : From Ex Post to Ex Ante Using Structural Gravity

Smarzynska Javorcik, Beata - 2020

Exploiting changes in the geography of economic integration in Europe, this paper uses detailed Exploiting changes in the geography of economic integration in Europe, we quantify the economic consequences of Brexit using a quantitative general equilibrium model that captures inter- and...

Persistent link: https://www.econbiz.de/10012850083

The Three Meaningful Votes : Voting on Brexit in the British House of Commons

Aidt, Toke Skovsgaard - 2019

Why do politicians rebel and vote against the party line when high stakes bills come to the floor of the legislature? We leverage the three so-called Meaningful Votes that took place in the British House of Commons between January and March 2019 on the Withdrawal Agreement that the Conservative...

Persistent link: https://www.econbiz.de/10012861452