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~isPartOf:"CESifo Working Paper Series"
~isPartOf:"NBER working paper series"
~isPartOf:"Nota di Lavoro"
~person:"Alesina, Alberto"
~person:"Sadka, Efraim"
~person:"Schnabl, Gunther"
~subject:"Argentinien"
~subject:"EU countries"
~subject:"Internationale Migration"
~subject:"Occupational qualification"
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Alesina, Alberto
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Schnabl, Gunther
Caporale, Guglielmo Maria
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1
The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis
Schnabl, Gunther
-
2013
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10013081055
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2
Current Account Imbalances and Structural Adjustment in the Euro Area : How to Rebalance Competitiveness
Zemanek, Holger
-
2014
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10013071193
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3
The Failure of ECB Monetary Policy from a Mises-Hayek Perspective
Schnabl, Gunther
-
2017
The paper analyses the common European monetary policy based on a Mises-Hayek over-investment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable over-investment...
Persistent link: https://www.econbiz.de/10012958878
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4
Beyond Balassa and Samuelson : Real Convergence, Capital Flows, and Competitiveness in Greece
Belke, Ansgar Hubertus
-
2015
We scrutinize the role of capital flows for competitiveness in seven euro-area countries in the context of real convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets. Capital flows are assumed to be...
Persistent link: https://www.econbiz.de/10013012270
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5
Regional Heterogeneity, the Rise of Public Debt and Monetary Policy in Post-Bubble Japan : Lessons for the EMU
Fischer, Raphael
-
2016
Both Japan and parts of the European Monetary Union have experienced boom and bust in stock and real estate markets, which have been followed by a lasting crisis. The paper analyses the role of a high degree of regional heterogeneity for public debt and monetary policy in the context of crisis....
Persistent link: https://www.econbiz.de/10012988893
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6
The Brexit as a Forerunner : Monetary Policy, Economic Order and Divergence Forces in the European Union
Mueller, Sebastian
-
2018
We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher's United Kingdom have long served as cornerstones for growth, prosperity and...
Persistent link: https://www.econbiz.de/10012920113
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7
Immigration and Preferences for Redistribution in Europe
Alesina, Alberto
-
2019
We examine the relationship between immigration and attitudes toward redistribution using a newly assembled data set of immigrant stocks for 140 regions of 16 Western European countries. Exploiting within-country variations in the share of immigrants at the regional level, we find that native...
Persistent link: https://www.econbiz.de/10012479516
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8
Fiscal and Migration Competition
Razin, Assaf
-
2010
The paper models the host country stylistically as a member of the core of an economic union (i.e., a core
EU
welfare …. The source country is modeled as an accession country to an economic union (i.e., through the
EU
enlargement treaty), with …
Persistent link: https://www.econbiz.de/10012462431
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9
The Skill Composition of Migration and the Generosity of the Welfare State
Cohen, Alon
-
2009
Skilled migrants typically contribute to the welfare state more than they draw in benefits from it. The opposite holds for unskilled migrants. This suggests that a host country is likely to boost (respectively, curtail) its welfare system when absorbing high-skill (respectively, low-skill)...
Persistent link: https://www.econbiz.de/10012463909
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10
The Euro and Structural Reforms
Alesina, Alberto
-
2008
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012464168
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