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product market. The adoption of the Euro does not seem to have accelerated labor market reforms in the "primary labor market …This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms … theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the empirical evidence. We …
Persistent link: https://www.econbiz.de/10012464168
nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …
Persistent link: https://www.econbiz.de/10012470368
Persistent link: https://www.econbiz.de/10002264254
Persistent link: https://www.econbiz.de/10002349931
We examine the relationship between immigration and attitudes toward redistribution using a newly assembled data set of immigrant stocks for 140 regions of 16 Western European countries. Exploiting within-country variations in the share of immigrants at the regional level, we find that native...
Persistent link: https://www.econbiz.de/10012479516
In this paper, we present our view of the recent evolution of European integration. We first briefly describe the main features of the institution and decision making process in the European Union, with particular attention to the debate between federalists and super nationalists. We then...
Persistent link: https://www.econbiz.de/10012468351
a free market zone with common external trade policy. We conjecture that the resulting allocation may be partly …
Persistent link: https://www.econbiz.de/10012470068
As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is … no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an …
Persistent link: https://www.econbiz.de/10012470644
What is the optimal number of currencies in the world? Common currencies affect trading costs and, thereby, the amounts of trade, output, and consumption. From the perspective of monetary policy, the adoption of another country's currency trades off the benefits of commitment to price stability...
Persistent link: https://www.econbiz.de/10012470810
banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the …
Persistent link: https://www.econbiz.de/10012472742