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~isPartOf:"CESifo Working Paper Series"
~isPartOf:"NBER working paper series"
~isPartOf:"Nota di Lavoro"
~person:"Feldstein, Martin"
~person:"Peri, Giovanni"
~person:"Rault, Christophe"
~person:"Westermann, Frank"
~subject:"Argentinien"
~subject:"EU countries"
~subject:"Fiscal policy"
~subject:"Internationale Migration"
~subject:"Shock"
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Feldstein, Martin
Peri, Giovanni
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1
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
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2
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
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3
The Tragedy of the Commons and Inflation Bias in the Euro Area
Dinger, Valeriya
-
2013
Central bank credit has expanded dramatically in some of the euro area member countries since the beginning of the financial crisis. This paper makes two contributions to understand this stylized fact. First, we discuss a simple model of monetary policy that includes (i) a credit channel and...
Persistent link: https://www.econbiz.de/10013089167
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4
On Creditor Seniority and Sovereign Bond Prices in Europe
Steinkamp, Sven
-
2013
The recent increase of interest rate spreads in Europe and their apparent detachment from underlying fundamental variables has generated a debate on multiple equilibria in the sovereign bond market (see De Grauwe and Ji (2012)). We critically evaluate this hypothesis, by pointing towards an...
Persistent link: https://www.econbiz.de/10013090004
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5
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
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6
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
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7
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
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8
Investigating First-Stage Exchange Rate Pass-Through : Sectoral and Macro Evidence from Euro Area Countries
Ben Cheikh, Nidhaleddine
-
2017
In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange rate changes, for a sample of euro area (EA) countries. Our study aims to shed further light on the role of microeconomic factors vs. macroeconomic factors in influencing the...
Persistent link: https://www.econbiz.de/10012960112
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9
The Euro Area's Common Pool Problem Revisited : Has the Single Supervisory Mechanism Ameliorated Forbearance and Evergreening?
Steinkamp, Sven
-
2017
The Single Supervisory Mechanism was introduced to eliminate the common-pool problem and limit uncontrolled lending by national central banks (NCBs). We analyze its effectiveness. Second, we model how, by forbearing and providing refinancing credit, NCBs avoid domestic resolution costs and,...
Persistent link: https://www.econbiz.de/10012945053
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10
On the Bilateral Trade Effects of Free Trade Agreements between the
EU
-15 and the CEEC-4 Countries
Caporale, Guglielmo Maria
-
2008
Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (
EU
… with the
EU
was signed exceeded trade growth of the control group of countries which did not become members …
Persistent link: https://www.econbiz.de/10012769922
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