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Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86

Fischer, Stanley - 2007

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/10012777224

The International Linkage of Real Interest Rates : the European - U.S. Connection

Cumby, Robert E.; Mishkin, Frederic S. - 2021

Casual observation indicates that in recent years real interest rates in the United States appear to have risen sharply and have remained high relative to historical standards. Many observers have claimed that these high real rates have been transmitted abroad and have lead to high real rates in...

Persistent link: https://www.econbiz.de/10013313673

Work and Leisure in the U.S. And Europe : Why so Different?

Alesina, Alberto F.; Glaeser, Edward L.; Sacerdote, Bruce - 2021

Americans average 25.1 working hours per person in working age per week, but the Germans average 18.6 hours. The average American works 46.2 weeks per year, while the French average 40 weeks per year. Why do western Europeans work so much less than Americans? Recent work argues that these...

Persistent link: https://www.econbiz.de/10013231444

The Entry into the U.S. Labor Market of Antebellum European Immigrants, 1840-60

Ferrie, Joseph P. - 2021

This study examines the occupational mobility of antebellum immigrants as they entered the U.S. White collar, skilled, and semi-skilled immigrants left unskilled jobs more rapidly after arrival than farmers and unskilled workers. British and German immigrants fared better than the Irish;...

Persistent link: https://www.econbiz.de/10013210619

Productivity, Wages, and Prices Inside and Outside of Manufacturing in the U.S., Japan, and Europe

Gordon, Robert J. - 2021

. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The … uptrend in previously developed wage gap indexes for Japan and Europe between the 1960s and 1980s. If anything real wages in … Europe and Japan were too flexible rather than too rigid, in the sense that much of the increase in wage gap indexes in …

Persistent link: https://www.econbiz.de/10013244903

Two Tales of Adjustment : East Asian Lessons for European Growth

Chari, Anusha - 2014

Paths into the Asian Crisis of 1997-98 and the recent global financial crisis were similar, but the roads out could not be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF recommended stimulus in the case of the advanced nations...

Persistent link: https://www.econbiz.de/10013060259

Migration and Welfare State : Why is America Different from Europe?

Razin, Assaf - 2014

Over the years, there emerged two key policy differences between Europe and America, both welfare and migration-states. The former has more generous welfare state and more liberal migration policies than the latter. In this paper we attempt to provide a political-economy explanation for these...

Persistent link: https://www.econbiz.de/10013047780

From Empty Pews to Empty Cradles : Fertility Decline Among European Catholics

Berman, Eli - 2012

Catholic countries of Europe pose a demographic puzzle -fertility is unprecedentedly low (total fertility=1.3) despite low female labor force participation. We model three channels of religious effects on demand for children: through changing norms, reduced market wages, and reduced costs of...

Persistent link: https://www.econbiz.de/10013101277

The Skill Composition of Immigrants and the Generosity of the Welfare State : Free vs. Policy-Controlled Migration

Cohen, Alon - 2010

The paper analyzes the effect of the generosity of the welfare state on the skill composition of immigrants. We develop a parsimonious model in which the effect of an increase in the generosity (and taxes) of the welfare state on the skill composition of immigrants under free migration is...

Persistent link: https://www.econbiz.de/10012758239

The Euromarkets after 1992

Levich, Richard M. - 2010

Over the last three decades, differential national regulation in conjunction with increasing capital mobility has given rise to tremendous growth in the Eurocurrency markets. In this paper, we analyze whether the announced plans of the European Commuission to remove barriers to capital flows (in...

Persistent link: https://www.econbiz.de/10012760201