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This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
migrate to Fortress Europe over the period of 1990 to 2001. While we find some differences in the exodus of skilled Africans …
Persistent link: https://www.econbiz.de/10003925496
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10010238890
-crisis migration movements at the regional level in both Europe and the United States, and their association with asymmetric labour … market shocks. Based on fixed-effects regressions using regional panel data, we find that Europe's migratory response to … measured population changes in Europe were due to migration for employment purposes - i.e. an upper-bound estimate - up to …
Persistent link: https://www.econbiz.de/10011798141
We analyse the evolution of EU citizens' living standards, considering the EU as a single country. Average living standards have improved considerably as the European integration process has unfolded. EU28 income inequality has steadily declined, mostly as a result of the macroeconomic...
Persistent link: https://www.econbiz.de/10012015871
areas, and this paper shows that workers in rural areas in Europe are more likely to be self-employed, despite more …
Persistent link: https://www.econbiz.de/10012821909
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
"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary …
Persistent link: https://www.econbiz.de/10003429626
Using merged data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel (SOEP), this paper applies a parametric difference-in-differences approach to assess the real effects of the introduction of the euro on subjective well-being. A complementary nonparametric...
Persistent link: https://www.econbiz.de/10003522939
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …
Persistent link: https://www.econbiz.de/10003961662