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Completing the monetary union of Europe as mid-term solution of the Euro crisis
Fischer, Justina A. V.; Pastore, Francesco - 2015
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10011308548
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Testing mundell's intuition of endogenous OCA theory
Warin, Thierry (contributor);  … - 2008
This paper presents an empirical assessment of the endogenous optimum currency area theory. Frankel and Rose (1998) study the endogeneity of a currency union through the lens of international trade flows. Our study extends Frankel and Rose's model by using FDI flows to test the original theory...
Persistent link: https://www.econbiz.de/10003760087
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The role of the exchange rate regime in the process of real and nominal convergence
D'Adamo, Gaetano; Rovelli, Riccardo - 2013
-S type of regression for each regime. Our results show that, for countries which pegged to or adopted the euro, the effect of … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …
Persistent link: https://www.econbiz.de/10010191206
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Welfare effects of the euro cash changeover
Wunder, Christoph; Schwarze, Johannes; Krug, Gerhard; … - 2006
applies a parametric difference-in-differences approach to assess the real effects of the introduction of the euro on … the initial problems were overcome within one year of the introduction of euro cash. …
Persistent link: https://www.econbiz.de/10003522939
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Close encounters of the European kind: economic integration, sectoral heterogeneity and structural reforms
Campos, Nauro; Eichenauer, Vera; Sturm, Jan-Egbert - 2020
that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …
Persistent link: https://www.econbiz.de/10012291227
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European integration and employment : a new role for active policies?
Gatti, Donatella - 2002
This paper theoretically investigates the impact of European integration on employment by developing a new-keynesian model where fiscal policy effectively reduces firms' market power. Stronger product market competition is shown to reduce the marginal ability of governments to improve employment...
Persistent link: https://www.econbiz.de/10011411427
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Social stability challenged: pandemics, inequality and policy responses
Perugini, Cristiano; Vladisavljević, Marko - 2020
The public health measures implemented by governments to limit the spread of the COVID-19 pandemic will produce significant economic consequences that are likely to exacerbate social and economic inequalities. In this paper we provide a framework to analyse how income inequality, besides other...
Persistent link: https://www.econbiz.de/10012214250
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The distribution of well-being among Europeans
Brandolini, Andrea; Rosolia, Alfonso - 2019
the divergence between periphery and core countries in the euro area. Using a common EU standard reveals more progress in …
Persistent link: https://www.econbiz.de/10012015871
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Euro, crisis and unemployment : youth patterns, youth policies?
Ghoshray, Atanu; Ordóñez, Javier; Sala, Hector - 2016
, and the Euro/financial crisis in 2008-2009, which was followed by a general and intensive reform process in the years …
Persistent link: https://www.econbiz.de/10011476560
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Differences in euro-area household finances and their relevance for monetary-policy transmission
Hintermaier, Thomas; Koeniger, Winfried - 2019
prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …-policy transmission in the euro area. …
Persistent link: https://www.econbiz.de/10012133482