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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
quality” to the international currency. However, in the Euro crisis, that of the Sterling pound became equally low, while the …
Persistent link: https://www.econbiz.de/10012999986
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The Impact of Brexit on Foreign Investment and Production
McGrattan, Ellen - 2017
Kingdom from the European Union (popularly known as Brexit). Our predictions are based on simulations of a multicountry … intangible capital that is used nonrivalrously by their subsidiaries at home and abroad. We analyze several post-Brexit scenarios … fall in foreign investment and production by U.K. firms. The United Kingdom increases international lending, which finances …
Persistent link: https://www.econbiz.de/10012960512
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Brexit Uncertainty and Trade Disintegration
Graziano, Alejandro - 2018
from the European Union (Brexit) reduce bilateral export values and trade participation. These effects are increasing in … probability of Brexit at the average disagreement tariff of 4.5% lowers EU-UK bilateral export values by 15 log points on average …
Persistent link: https://www.econbiz.de/10012906789
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Will Brexit Age Well? Cohorts, Seasoning and the Age-Leave Gradient, Past, Present and Future
Eichengreen, Barry - 2018
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
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Non-Monetary News in Central Bank Communication
Cieslak, Anna - 2018
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
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Worker Needs and Voice in the Us and the UK
Freeman, Richard B. - 2010
Workers have responded differently to declining union density in the US and UK. US workers have unfilled demand for unions whereas many UK workers free-ride at unionized workplaces. To explain this difference, we create a scalar measure of worker needs for representation and relate desire for...
Persistent link: https://www.econbiz.de/10012761324
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Poisoned Grapes, Mad Cow, and Protectionism
Engel, Eduardo M. R. A. - 2021
This paper studies two episodes where an exporting industry saw its sales plummet after importing countries banned their products to protect their citizens' health. The first case is the poisoned grapes crisis involving Chile and the United States in 1989. The second is the mad cows dispute...
Persistent link: https://www.econbiz.de/10013220395
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Trends in Male Labor Force Participation and Retirement : Some Evidence on the Role of Pensions and Social Security in the 1970'S and 1980'S
Anderson, Patricia M.; Gustman, Alan L.; Steinmeier, … - 2021
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
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Winners and Losers of Tax Competition in the European Union
Mendoza, Enrique G.; Tesar, Linda L. - 2021
This paper quantifies the macroeconomic effects of capital income tax competition in the European Union using a two-country neoclassical dynamic general equilibrium model. This model incorporates three key externalities of tax competition: the relative price externality, the wealth distribution...
Persistent link: https://www.econbiz.de/10013222999
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The International Macroeconomics of Taxation and the Case Against European Tax Harmonization
Mendoza, Enrique G. - 2021
The theory of international macroeconomics shows that domestic tax policy in a global economy affects foreign economic … the international transmission channels of tax policy is evaluated in the context of a 'workhorse' two-country dynamic …
Persistent link: https://www.econbiz.de/10013223560