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What is European Integration Really About? A Political Guide for Economists
Spolaore, Enrico - 2013
Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...
Persistent link: https://www.econbiz.de/10013080417
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Strong Sterling Pound and Weak European Currencies in the Crises : Evidence from Covered Interest Parity of Secured Rates
Fukuda, Shin-Ichi - 2016
In the post Lehman period, the interest rate of the US dollar became low on the forward contract because of“flight to quality” to the international currency. However, in the Euro crisis, that of the Sterling pound became equally low, while the other European currencies such as the Danish...
Persistent link: https://www.econbiz.de/10012999986
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The "Austerity Myth" : Gain Without Pain?
Perotti, Roberto - 2011
detailed case studies, two - Denmark and Ireland - undertaken under fixed exchange rates (the most relevant case for many … expansion; but only in Denmark the driver of growth was internal demand. However, after three years a long slump set in as the … economy lost competitiveness. In all the others for a long time the main driver of growth was exports. In Ireland this …
Persistent link: https://www.econbiz.de/10013118837
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Innovativity : A Comparison Across Seven European Countries
Mohnen, Pierre; Mairesse, Jacques; Dagenais, Marcel - 2021
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10013218733
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Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects
Alesina, Alberto F.; Perotti, Roberto - 2021
on three case studies: Denmark, Ireland and Italy …
Persistent link: https://www.econbiz.de/10013244895
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No Pain, No Gain : The Effects of Exports on Effort, Injury, and Illness
Hummels, David L. - 2016
In this paper we address two questions. First, how do changes in demand for work affect workers' health? Second, how do we translate these health effects into meaningful economic terms so that we can compare the income gains associated with increased demand for work with the pain of adverse...
Persistent link: https://www.econbiz.de/10012986703
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The Future of Emu : What Does the History of Monetary Unions Tell Us?
Bordo, Michael D.; Jonung, Lars - 2021
The creation of EMU and the ECB has triggered a discussion of the future of EMU. Independent observers have pointed to a number of shortcomings or hazard areas' in the construction of EMU, such as the absence of a central lender of last resort function for EMU, the lack of a central authority...
Persistent link: https://www.econbiz.de/10013246987
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The European Crisis in the Context of the History of Previous Financial Crises
Bordo, Michael D. - 2013
There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...
Persistent link: https://www.econbiz.de/10013080834
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Were Trade and Factor Mobility Substitutes in History?
Collins, William J.; O'Rourke, Kevin H.; Williamson, … - 2021
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10013218517
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Malaria and Early African Development : Evidence from the Sickle Cell Trait
Depetris-Chauvin, Emilio - 2013
We examine the effect of malaria on economic development in Africa over the very long run. Using data on the prevalence … of the mutation that causes sickle cell disease we measure the impact of malaria on mortality in Africa prior to the …
Persistent link: https://www.econbiz.de/10013073554