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The Impact of Global Warming on Rural-Urban Migrations : Evidence from Global Big Data

Peri, Giovanni - 2019

This paper examines the impact of temperature changes on rural-urban migration using a 56km×56km grid cell level dataset covering the whole world at 10-year frequency during the period 1970-2000. We find that rising temperatures reduce rural-urban migration in poor countries and increase such...

Persistent link: https://www.econbiz.de/10012479679

Short and Long-Run Behaviour of Long-Term Sovereign Bond Yields

Afonso, António - 2010

This study assesses the short and long-run behaviour of long-term sovereign bond yields in OECD countries, for the period 1973-2008. We employ a dynamic panel approach to reflect financial and economic integration, and to increase the performance and accuracy of the tests. Given the existence of...

Persistent link: https://www.econbiz.de/10013135912

Which Conflicts Can the European Neighbourhood Policy Help Resolve?

Gylfason, Thorvaldur - 2012

the European Union's neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer … prosperity and detente. The EU has a strong motive in this, since conflicts in its neighbourhood spill-over into the EU itself …, strong intraregional trade, and the prospect of accession to the EU. It concludes that the EU's Member States must give …

Persistent link: https://www.econbiz.de/10013104253

The First Year of the Eurosystem : Inflation Targeting or Not?

Svensson, Lars E.O. - 2000

This paper is a brief evaluation of the Eurosystem's monetary-policy regime after its first year, in particular of the extent to which it is similar to inflation targeting as practiced by an increasing number of central banks. I examine the Eurosystem's goals, framework for monetary-policy...

Persistent link: https://www.econbiz.de/10012470926

The European Central Bank and the Euro : The First Year

Feldstein, Martin - 2000

The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and political history: creating a supranational central bank and leaving eleven countries without national currencies of their own. The experience of the first year confirms that one size...

Persistent link: https://www.econbiz.de/10012471257

Price Stability as a Target for Monetary Policy : Defining and Maintaining Price Stability

Svensson, Lars E.O. - 1999

This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...

Persistent link: https://www.econbiz.de/10012471507

Eurosystem Monetary Targeting : Lessons from U.S. Data

Rudebusch, Glenn D. - 1999

Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient, with both higher inflation and output variability. This is...

Persistent link: https://www.econbiz.de/10012471609

Monetary Policy Issues for the Eurosystem

Svensson, Lars E.O. - 1999

The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the actual strategy the Eurosystem announced in the fall of 1998, the framework for policy decisions appropriate for achieving the goals of the Eurosystem, the role of exchange...

Persistent link: https://www.econbiz.de/10012471610

Regional Nonadjustment and Fiscal Policy : Lessons for EMU

Obstfeld, Maurice - 1999

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

Spend-and-Tax : A Panel Data Investigation for the EU

Afonso, António - 2009

, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend … Finland and the UK, and for several EU New Member States. Moreover, in the run-up to EMU there was some shifting away from a …

Persistent link: https://www.econbiz.de/10013158140