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We examine the relationship between immigration and attitudes toward redistribution using a newly assembled data set of immigrant stocks for 140 regions of 16 Western European countries. Exploiting within-country variations in the share of immigrants at the regional level, we find that native...
Persistent link: https://www.econbiz.de/10012479516
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012464168
In this paper, we present our view of the recent evolution of European integration. We first briefly describe the main features of the institution and decision making process in the European Union, with particular attention to the debate between federalists and super nationalists. We then...
Persistent link: https://www.econbiz.de/10012468351
We construct a set of indicators to measure the policy-making role of the European Union (European Council, Parliament, Commission, Court of Justice, etc.), in a selected number of policy domains. Our goal is to examine the division of prerogatives between European institutions and national...
Persistent link: https://www.econbiz.de/10012470068
What is the optimal number of currencies in the world? Common currencies affect trading costs and, thereby, the amounts of trade, output, and consumption. From the perspective of monetary policy, the adoption of another country's currency trades off the benefits of commitment to price stability...
Persistent link: https://www.econbiz.de/10012470810
This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union … upon at "how many speeds" Europe will proceed. Our discussion of feasibility shed some light on the political economy of … the recent (Fall of 1992) turmoil in the monetary system of Europe …
Persistent link: https://www.econbiz.de/10012474609
policy in Europe. The twelve governors of the national Central Banks of the EEC have recently proposed a statute for the ECB …
Persistent link: https://www.econbiz.de/10012475129
complex picture. While Europe has experienced both systematic economic convergence and an increased coordination across …
Persistent link: https://www.econbiz.de/10012455356
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10012469200