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The Brexit Conundrum Worsens the UK's Relationship with the European Union
Ryan, John T - 2019
This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister Theresa May's weak political leadership. The Prime Minister focused on securing the short-term political survival of her government amidst turbulent and fractious domestic...
Persistent link: https://www.econbiz.de/10012861473
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Quantifying the EU-Japan Economic Partnership Agreement
Felbermayr, Gabriel J. - 2018
This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model, featuring multiple sectors, input-output linkages, services...
Persistent link: https://www.econbiz.de/10012908655
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The COVID-19 Pandemic and European Trade Flows : Evidence from a Dynamic Panel Model
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022
This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period (2019M1-2021M12); then, the GMM and PCSE approaches are...
Persistent link: https://www.econbiz.de/10014080051
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The Euro changeover and price adjustments in Italy
Caporale, Guglielmo Maria; Girardi, Alessandro; … - 2011
By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro …
Persistent link: https://www.econbiz.de/10010274996
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Reforming the Euro Pragmatically : Towards Sustainable Fiscal Policy and a Revamped Eurosystem
Oksanen, Heikki - 2019
The conflicting standpoints on reforming the euro are creating more controversies than practical results. Mistrust …, reforming the euro successfully calls for a convincing high-level commitment to preserve the euro also in unexpected …
Persistent link: https://www.econbiz.de/10012860367
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Sustainability and Solvency of Government Finances Under the Euro : Illustrations and Policy Options
Oksanen, Heikki - 2020
In this paper, sound public finances under the euro means sustainability in the long term instead of short- and medium …-term fiscal discipline. The challenges to sustainability are identified for the four largest euro area member states, and several … resort for a euro area government under liquidity shortage to prevent it from developing into a general financial crisis …
Persistent link: https://www.econbiz.de/10012829317
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The Euro Exchange Rate and Germany's Trade Surplus
Hohberger, Stefan - 2019
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10012890627
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Central Bank Policies and Financial Markets : Lessons from the Euro Crisis
Mody, Ashoka - 2019
bond markets and improved economic sentiment, as reflected in higher equity prices. In contrast, passive euro liquidity …
Persistent link: https://www.econbiz.de/10012892183
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The Euro Crisis and Economic Growth : A Novel Counterfactual Approach
Terzi, Alessio - 2019
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …
Persistent link: https://www.econbiz.de/10012866042
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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
euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the …
Persistent link: https://www.econbiz.de/10013232406