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Pensions, debt and inflation risk in a monetary union

Adema, Yvonne - 2010

This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …

Persistent link: https://www.econbiz.de/10011382085

Pensions, debt and inflation risk in a monetary union

Adema, Yvonne - 2010

Persistent link: https://www.econbiz.de/10008746634

Between realignments and intervention : the Belgian franc in the European Monetary System

Koedijk, Kees; Stork, Philip; Vries, Casper G. de - 1993

Persistent link: https://www.econbiz.de/10000122519

Has the Euro increased trade?

Bun, Maurice J. G.; Klaassen, Franc - 2002

A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro-effect directly from data that include EMU observations. Using...

Persistent link: https://www.econbiz.de/10011327839

The political economy of a diverse monetary union

Perotti, Enrico; Soons, Oscar - 2020 - Revision: September 7, 2020

We analyze the political economy of monetary unification among countries with different quality of institutions. Countries with stronger institutions have lower public spending and better investment incentives, even under a stronger currency. Governments under weaker institutions spend more so...

Persistent link: https://www.econbiz.de/10012251381

Bankruptcy codes and risk sharing of currency unions

Wang, Xuan - 2021

Since the Eurozone Crisis of 2010-12, a critical debate on the viability of a currency union has focused on the role of a fiscal union in adjusting for country heterogeneity. However, a fully-fledged fiscal union may not be politically feasible. This paper develops a two-country general...

Persistent link: https://www.econbiz.de/10012421007

Dumping in a global world

Moraga-González, José Luis; Viaene, Jean-Marie - 2004

Anti-dumping actions are now the trade policy of choice of developing and transition economies. To understand why these economies have increasingly applied anti-dumping laws, we build a simple theoretical model of vertical intra-industry trade and investigate the strategic incentives of...

Persistent link: https://www.econbiz.de/10011342568

Dumping in developing and transition economies

Moraga-González, José Luis; Viaene, Jean-Marie - 2004

We build a simple theoretical model to understand why developing and transition economieshave increasingly applied anti-dumping laws. To that end, we investigate the strategic incentivesof oligopolistic exporting firms to undertake dumping in these economies. We show that dumpingmay be due to...

Persistent link: https://www.econbiz.de/10011342572

Untangling real gravity

Klaassen, Franc; Teulings, Rutger - 2017

all variables proposed by theory, despite a broad set of fixed effects (FE). We find that both REERs are important and … multilateral resistances. Untangling normalization helps to get a better view of what is still unexplained by theory. …

Persistent link: https://www.econbiz.de/10011791519

The monetary exchange rate model as a long-run phenomenon

Groen, Jan J. J. - 1998

Persistent link: https://www.econbiz.de/10000675027