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Labor market reforms and current account imbalances : beggar-thy-neighbor policies in a currency union?

Baas, Timo; Belke, Ansgar - 2014

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10010403902

Equipping immigrants : migration flows and capital movements

Lange, Fabian (contributor); Gollin, Douglas (contributor) - 2007

Both policy makers and researchers have devoted considerable attention in recent years to the large current account and capital account imbalances among OECD countries. In particular, the size of the United States current account deficit has attracted intense attention and spawned numerous...

Persistent link: https://www.econbiz.de/10003583929

Aggregate savings and external imbalances in China

Yang, Dennis Tao - 2012

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded 9 percent of GDP. The current paper presents a unified...

Persistent link: https://www.econbiz.de/10009656609

Oil price shocks, monetary policy and current account imbalances within a currency union

Baas, Timo; Belke, Ansgar - 2017

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

Persistent link: https://www.econbiz.de/10011785688

Job creation, Job destruction and employment growth in transition countries in the 90's

Faggio, Giulia; Konings, Jozef - 2001

In this paper we document and analyse gross job flows in five transition countries, Poland, Estonia, Slovenia, Bulgaria … and Romania. Using comparable firm level data over the years 1993- 1997, we find that in early transition job destruction …

Persistent link: https://www.econbiz.de/10011339676

Does joining the EU make you happy? : evidence from Bulgaria and Romania

Nikolova, Milena; Nikolaev, Boris - 2016

We examine the effect of joining the European Union on individual life satisfaction in Bulgaria and Romania in the … context of the 2007 EU enlargement. Although EU membership is among the most important events in Bulgaria and Romania's modern … life satisfaction in Bulgaria and had a positive but statistically insignificant effect in Romania. One explanation is that …

Persistent link: https://www.econbiz.de/10011449769

Regional unemployment and its persistence in transition countries

Bornhorst, Fabian (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001980068

The impact of an unexpected wage cut on corruption : evidence from a "xeroxed" exam

Borcan, Oana; Lindahl, Mikael; Mitrut, Andreea - 2012

This paper aims to understand how corruption responds to financial incentives and, in particular, it is an attempt to identify the causal impact of a wage loss on the prevalence of corruption in the education sector. Specifically, we exploit the unexpected wage cut in May 2010 that affected all...

Persistent link: https://www.econbiz.de/10009549671

The great recession of 2008 - 2009 : causes, consequences and policy responses

Verick, Sher Singh; Islam, Iyanatul - 2010

Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this...

Persistent link: https://www.econbiz.de/10003962631

China's high saving puzzle

Ma, Guonan; Yang, Dennis Tao - 2013

This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the Chinese economy are also explored. -- aggregate...

Persistent link: https://www.econbiz.de/10009716768

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