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Pricing Group Membership
Bandyopadhyay, Siddhartha - 2020
We consider a model where agents differ in their ‘types' which determines their voluntary contribution towards a public good. We analyze what the equilibrium composition of groups are under centralized and centralized choice. We show that there exists a top-down sorting equilibrium i.e. an...
Persistent link: https://www.econbiz.de/10012824828
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How Economic, Political and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region
Maraoui, Nejia; Amor, Thouraya Hadj; Khefacha, Islem; … - 2022
In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...
Persistent link: https://www.econbiz.de/10013291704
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On Optimal Currency Areas and Common Cycles : Are the Acceding Countries Ready to Join the Euro?
Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2021
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10013232406
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The Trade and FDI Effects of EMU Enlargement
Brouwer, J.; Paap, Richard; Viaene, Jean-Marie - 2021
European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component …
Persistent link: https://www.econbiz.de/10013316812
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The Eurozone as an Inflation Target Zone
Posta, Pompeo Della; Tamborini, Roberto - 2022
In the revised monetary policy strategy of the European Central Bank (ECB), “price stability is best maintained by aiming for two per cent inflation over the medium term”, with “symmetric commitment” to this target. “Symmetry means that the Governing Council considers negative and...
Persistent link: https://www.econbiz.de/10014243104
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On the Heterogeneous Trade and Welfare Effects of GATT/WTO Membership
Felbermayr, Gabriel - 2020
equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is …
Persistent link: https://www.econbiz.de/10012822504
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Job Satisfaction and Trade Union Membership in Germany
Goerke, Laszlo; Huang, Yue - 2022
union membership and job satisfaction in Germany. Cross-sectional analyses reveal a negative correlation, while fixed … of union membership, we generate information on the union density individuals faced in their industry and region. This … time-variant IV suggests no causal impact of individual union membership on job satisfaction. Finally, using different …
Persistent link: https://www.econbiz.de/10014079146
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The Eurozone needs exit rules
Fahrholz, Christian; Wójcik, Cezary - 2012
This paper argues that the key issue for defining and solving the Eurozone's (EZ) difficulties lies in readjusting the …
Persistent link: https://www.econbiz.de/10010283606
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Does the Chinese interest rate follow the US interest rate?
Cheung, Yin-Wong; Tam, Dickson; Yiu, Matthew S. - 2007
One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However, we note that both theoretical considerations and empirical results do not offer a definite answer on the link between exchange rate arrangement and policy dependence. We...
Persistent link: https://www.econbiz.de/10010264088
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Exchange rate regime and wage determination in Central and Eastern Europe
Schnabl, Gunther; Ziegler, Christina - 2008
After the eastern enlargement of the European Union due to increasing labor market integration, wage determination and monetary integration in Central and Eastern Europe have become key issues in European economic policy making. Based on the Scandinavian model of wage adjustment by Lindbeck...
Persistent link: https://www.econbiz.de/10010264496