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income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …
Persistent link: https://www.econbiz.de/10003922975
approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit …
Persistent link: https://www.econbiz.de/10009240828
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...
Persistent link: https://www.econbiz.de/10011375679
affected the cushioning of income shocks in the Euro zone and the EU-27 in the period 2007-2014. We propose a new summary …
Persistent link: https://www.econbiz.de/10012154947
This paper develops a decomposition framework to study the importance of different stabilization channels of an unemployment re-insurance scheme for the euro area. Running counterfactual simulations based on household micro data for the period 2000–16, the paper finds that the re-insurance...
Persistent link: https://www.econbiz.de/10012200279
), common economic interests, and a shared identity influences altruism, reciprocity and trust of EU citizens. We find that … priming the COVID-19 pandemic increases altruism and reciprocity towards compatriots, citizens of other EU countries, and non-EU …
Persistent link: https://www.econbiz.de/10012533981
We present the first evidence on public attitudes towards two prominent euro area reform proposals (European Unemployment Benefit Scheme and Sovereign Insolvency Procedure) and assess potential impediments to their implementation by means of a randomized survey experiment in Germany. We find...
Persistent link: https://www.econbiz.de/10011872940
We present a novel approach for analyzing the effects of EU cohesion policy on local economic activity. For all … municipalities in the border area of the Czech Republic, Germany and Poland, we collect project-level data on EU funding in the … of a higher amount of EU funding is associated with increased economic activity at the municipal level. Our paper …
Persistent link: https://www.econbiz.de/10013426556
Persistent link: https://www.econbiz.de/10012515923