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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
Kingdom from the European Union (popularly known as Brexit). Our predictions are based on simulations of a multicountry …&D and other intangibles, which is costly, and welfare for U.K. citizens is lower. If the European Union remains open, its … Europe. If instead we assume that the European Union imposes the same restrictions on U.K. FDI, then E.U. firms invest more …
Persistent link: https://www.econbiz.de/10012960512
from the European Union (Brexit) reduce bilateral export values and trade participation. These effects are increasing in …
Persistent link: https://www.econbiz.de/10012906789
In the UK's 2016 referendum on EU membership, young voters were more likely than their elders to vote Remain. Applying new methods to a half century of data, we show that this pattern reflects both ageing and cohort effects. Although voters become more Eurosceptical as they age, recent cohorts...
Persistent link: https://www.econbiz.de/10012908473
We quantify the importance of non-monetary news in central bank communication. Using evidence from four major central banks and a comprehensive classification of events, we decompose news conveyed by central banks into news about monetary policy, economic growth, and separately, shocks to risk...
Persistent link: https://www.econbiz.de/10012911101
Workers have responded differently to declining union density in the US and UK. US workers have unfilled demand for …
Persistent link: https://www.econbiz.de/10012761324
United States in 1989. The second is the mad cows dispute between the United Kingdom and the European Union in 1996. These … case studies motivate a new definition of protectionist measure' which is applied to argue the European Union's ban on …
Persistent link: https://www.econbiz.de/10013220395
This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in the 1970's and 1980's. Work incentives associated with pension" coverage and plan characteristics are calculated primarily from the 1969-79 Retirement History" Study and the...
Persistent link: https://www.econbiz.de/10013221842
This paper quantifies the macroeconomic effects of capital income tax competition in the European Union using a two …
Persistent link: https://www.econbiz.de/10013222999
The theory of international macroeconomics shows that domestic tax policy in a global economy affects foreign economic conditions via complex, dynamic interactions through relative prices, tax revenues, and wealth distribution. This paper proposes a tractable quantitative framework for assessing...
Persistent link: https://www.econbiz.de/10013223560