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Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86
Fischer, Stanley - 1987
Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and … Bundesbank and the Bank of Japan each focus on one money target, described by the Bundesbank as a target, and by the Bank of … Japan as a projection. None of the countries has stuck rigorously to the targets, though the Bank of Japan has come close …
Persistent link: https://www.econbiz.de/10012476592
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US-Europe differences in technology-driven growth : quantifying the role of education
Krueger, Dirk; Kumar, Krishna B. - In: Journal of monetary economics 51 (2004) 1, pp. 161-190
Persistent link: https://www.econbiz.de/10001898462
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Monetary union, price level convergence and inflation : how close is Europe to the USA?
Rogers, John H. - In: Journal of monetary economics 54 (2007) 3, pp. 785-796
Persistent link: https://www.econbiz.de/10003464499
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Stochastic Growth in the United States and Euro Area
Ireland, Peter N. - 2011
This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which both neutral and investment-specific technology shocks are nonstationary but cointegrated across economies. The results point to large and persistent swings in productivity, both...
Persistent link: https://www.econbiz.de/10012461976
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Automatic Stabilizers and Economic Crisis : US vs. Europe
Dolls, Mathias - 2010
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10012462382
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Monetary policy in Europe vs the US : what explains the difference?
Uhlig, Harald - 2009
This paper compares monetary policy in the US and EMU during the last decade, employing an estimated hybrid New Keynesian cash-in-advance model, driven by five shocks. It appears that the difference between the two monetary policies between 1998 and 2006 is due to both surprises in productivity...
Persistent link: https://www.econbiz.de/10012463653
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How EU Markets Became More Competitive Than US Markets : A Study of Institutional Drift
Gutiérrez, Germán - 2018
Until the 1990's, US markets were more competitive than European markets. Today, European markets have lower concentration, lower excess profits, and lower regulatory barriers to entry. We document this surprising outcome and propose an explanation using a model of political support. Politicians...
Persistent link: https://www.econbiz.de/10012453020
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Is Religiosity of Immigrants a Bridge or a Buffer in the Process of Integration? A Comparative Study of Europe and the United States
García-Muñoz, Teresa - 2012
This study reviews and evaluates the intertwined relationship between immigration and religiosity, focusing on the two sides of the Atlantic – Europe and the United States. Based on the existing literature and on a statistical analysis of several data sets (the International Social Survey...
Persistent link: https://www.econbiz.de/10013109434
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Shocks, Structures or Monetary Policies? The Euro Area and US After 2001
Christiano, Lawrence - 2007
The US Federal Reserve cut interest rates more vigorously in the recent recession than the European Central Bank did. By comparison with the Fed, the ECB followed a more measured course of action. We use an estimated dynamic general equilibrium model with financial frictions to show that...
Persistent link: https://www.econbiz.de/10012465125
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Underemployment in the US and Europe
Bell, David N.F. - 2018
Large numbers of part-time workers around the world, both those who choose to be part-time and those who are there involuntarily and would prefer a full-time job report they want more hours. Full-timers who say they want to change their hours mostly say they want to reduce them. When recession...
Persistent link: https://www.econbiz.de/10012480582