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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 evaluated, with the aim of drawing lessons for monetary policy from the recent historical record. All four countries shifted during this period to money targeting, though with...
Persistent link: https://www.econbiz.de/10012777224
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The International Linkage of Real Interest Rates : the European - U.S. Connection
Cumby, Robert E.; Mishkin, Frederic S. - 2021
rates has been widespread in the analyses by economic policymakers both in Europe and in the United States. In this paper we … been raised by the recent policy debates in Europe and the United States: Have ex ante real rates in the United States and … Europe been high during recent years? Has there been a link between U.S. real rates and those in other countries? Can this …
Persistent link: https://www.econbiz.de/10013313673
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A New Measure of Utilization-Adjusted TFP Growth for Europe and the United States
Comin, Diego; Quintana, Javier; Schmitz, Tom; Trigari, … - 2022
utilization. These novelties have a major impact, especially in Europe, where our estimated TFP growth series are less volatile …-level and aggregate TFP series, as well as the first estimates of utilization-adjusted quarterly TFP growth in Europe …
Persistent link: https://www.econbiz.de/10014091114
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Clans, Guilds, and Markets : Apprenticeship Institutions and Growth in the Pre-Industrial Economy
de la Croix, David - 2016
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans …
Persistent link: https://www.econbiz.de/10012995522
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Immigration, Jobs and Employment Protection : Evidence from Europe
D’Amuri, Francesco - 2011
In this paper we analyze the effect of immigrants on native jobs in fourteen Western European countries. We test whether the inflow of immigrants in the period 1996-2007 decreased employment rates and/or if it altered the occupational distribution of natives with similar education and age. We...
Persistent link: https://www.econbiz.de/10013123669
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Competition Laws, Norms and Corporate Social Responsibility
Ding, Wenzhi; Levine, Ross; Lin, Chen; Xie, Wensi - 2022
Theory offers differing perspectives and predictions about the impact of product market competition on corporate social responsibility (CSR). Using firm-level data on CSR from 2002 through 2015 and panel data on competition laws in 48 countries, we discover that intensifying competition induces...
Persistent link: https://www.econbiz.de/10013403124
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Competition Laws and Corporate Innovation
Levine, Ross; Lin, Chen; Wei, Lai; Xie, Wensi - 2022
A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur currently dominant and other firms to invest more in...
Persistent link: https://www.econbiz.de/10014258819
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Automatic Stabilizers and Economic Crisis : Us vs. Europe
Dolls, Mathias - 2010
stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …
Persistent link: https://www.econbiz.de/10013139144
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What is a Sustainable Public Debt?
D'Erasmo, Pablo - 2015
three approaches to analyze debt sustainability in the United States and Europe after the recent surge in public debt …
Persistent link: https://www.econbiz.de/10013015096
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A Long Term Perspective on the Euro
Bordo, Michael D. - 2008
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012772728