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Alesina, Alberto - 2008

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

Incentives in Markets, Firms and Governments

Acemoglu, Daron - 2003

Most government expenditure is on goods that yield primarily private benefits, such as education, pensions, and healthcare. We argue that markets are most advantageous in areas where high-powered incentives are desirable, but in areas where high-powered incentives stimulate unproductive...

Persistent link: https://www.econbiz.de/10012468896

Immigration and Preferences for Redistribution in Europe

Alesina, Alberto - 2019

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

The European Union : A Politically Incorrect View

Alesina, Alberto - 2004

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

What Does the European Union Do?

Alesina, Alberto - 2001

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

Currency Unions

Alesina, Alberto - 2000

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

On the Feasibility of a One or Multi-Speed European Monetary Union

Alesina, Alberto - 1993

This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries going first, and later admitting the others? After examining several politico-economic arguments concerning...

Persistent link: https://www.econbiz.de/10012474609

The European Central Bank : Reshaping Monetary Politics in Europe

Alesina, Alberto - 1991

This paper studies how the creation of a European Central Bank (ECB) will change the political economy of monetary policy in Europe. The twelve governors of the national Central Banks of the EEC have recently proposed a statute for the ECB which delineates its institutional structure. In this...

Persistent link: https://www.econbiz.de/10012475129

Is Europe an Optimal Political Area?

Alesina, Alberto - 2017

Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a complex picture. While Europe has experienced both systematic...

Persistent link: https://www.econbiz.de/10012455356

Credit Market Imperfections and Persistent Unemployment

Acemoglu, Daron - 2000

This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in … market imperfections, so unemployment rises and remains high for an extended period. The data show that there has not been … industries is lower than in the U.S.. This suggests that although credit market imperfections are unlikely to have been the major …

Persistent link: https://www.econbiz.de/10012470798