Showing 1 - 10 of 27
be hard to resist the eventual extension of existing EU mechanisms of income redistribution--a transfer union. We propose … an alternative strategy based on a relaxed stability pact, further strictures against central EU borrowing, labor market …
Persistent link: https://www.econbiz.de/10012471641
This paper examines the macroeconomic aftermath of the 1992 breakdown of the European Exchange Rate Mechanism (ERM). The economic performance of six leaver' nations is compared with five stayer' nations that maintained a roughly fixed parity with the Deutsche Mark. Recent writing about...
Persistent link: https://www.econbiz.de/10012471843
Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System, allowing us to pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor in...
Persistent link: https://www.econbiz.de/10012696397
By merging KLEMS data sets and aggregating over the ten largest Western European nations (EU-10), we are able to … compare and contrast productivity growth up through 2015 starting from 1950 in the U.S. and from 1972 in the EU-10. Data are …-industries. The analysis focuses on outcomes over four time intervals: 1950-72, 1972-95, 1995-2005, and 2005-15. We interpret the EU …
Persistent link: https://www.econbiz.de/10012479654
coefficients show that immigration policies balancing the number of high-skilled and low-skilled immigrants from outside the EU …
Persistent link: https://www.econbiz.de/10012480728
We analyze the role of labor mobility in cushioning labor demand shocks in the Euro Area. We find that foreign born workers' mobility is strongly cyclical, while this is not the case for natives. Foreigners' higher population to employment elasticity reduces the variation of overall employment...
Persistent link: https://www.econbiz.de/10012480742
In the UK's 2016 referendum on EU membership, young voters were more likely than their elders to vote Remain. Applying …
Persistent link: https://www.econbiz.de/10012480870
aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is …. Using industry-level data from EU KLEMS, we find that most of the 1995-2005 U.S. productivity growth revival was driven by … ICT-intensive industries producing market services and computer hardware. In contrast the EU-10 experienced a 1995 …
Persistent link: https://www.econbiz.de/10012481620
, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe's productivity growth … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment … employment growth across countries and time. Our primary explanatory variables to explain both the revival of EU employment …
Persistent link: https://www.econbiz.de/10012464806
The possibility that the euro area might break up was being raised even before the single currency existed. These scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various member states led politicians to blame the European...
Persistent link: https://www.econbiz.de/10012465257