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Calmfors, Lars - 2011

The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...

Persistent link: https://www.econbiz.de/10013128042

Has the EMU Reduced Wage Growth and Unemployment? Testing a Model of Trade Union Behaviour

Mikosch, Heiner - 2013

By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...

Persistent link: https://www.econbiz.de/10013093430

Estimating the Trade and Welfare Effects of Brexit : A Panel Data Structural Gravity Model

Oberhofer, Harald - 2018

different counterfactual post-Brexit scenarios, our main findings suggest that UKs (EUs) exports of goods to the EU (UK) are … effects for the EU are negligible in magnitude and statistically not different from zero …

Persistent link: https://www.econbiz.de/10012926575

The Heterogeneous Impact of Brexit : Early Indications from the FTSE

Davies, Ronald B. - 2017

The UK's decision to leave the EU is surrounded by several studies simulating its potential effects. Alternatively, we …

Persistent link: https://www.econbiz.de/10012954358

Consequences of Brexit and Options for a 'Global Britain'

Brakman, Steven - 2017

; most studies predict a trade and welfare loss for both the UK and the EU. The UK parliament has indicated that it aims for … for the EU. After reviewing all potential options, we have a simple answer to the question whether the UK has an … alternative for the existing trade agreement with the EU. The answer is: No. Only a trade agreement with the EU can compensate for …

Persistent link: https://www.econbiz.de/10012955285

Did Austerity Cause Brexit?

Fetzer, Thiemo - 2018

the single most important correlate of the subsequent Leave vote in the 2016 European Union (EU) referendum, along with … specific welfare reforms as well as broader measures of political preferences. The results suggest that the EU referendum could …

Persistent link: https://www.econbiz.de/10012910997

Brexit : The Economics of International Disintegration

Sampson, Thomas - 2017

This paper reviews the literature on the likely economic consequences of Brexit and considers the lessons of the Brexit vote for the future of European and global integration. Brexit will make the United Kingdom poorer because it will lead to new barriers to trade and migration between the...

Persistent link: https://www.econbiz.de/10012945058

Money Can't Buy EU Love : European Funds and the Brexit Referendum

Fidrmuc, Jan - 2016

remaining in the EU. Somewhat surprisingly, the intensity of immigration from the EU is positively correlated with the Remain …

Persistent link: https://www.econbiz.de/10012979586

Linkages between the US and European Stock Markets : A Fractional Cointegration Approach

Caporale, Guglielmo Maria - 2015

This paper analyses the long-memory properties of US and European stock indices, as well as their linkages, using fractional integration and fractional cointegration techniques. These methods are more general and have higher power than the standard ones usually employed in the literature. The...

Persistent link: https://www.econbiz.de/10013013497

Phasing Out Nuclear Power in Europe

Aune, Finn Roar - 2015

We explore the impact of an EU-wide nuclear phase-out by 2030 provided the EU energy and climate policy for 2030 is …. Whereas the 2030 EU target for the renewable share in final energy demand is (at least) 27 percent, we find that after a …

Persistent link: https://www.econbiz.de/10013020510