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The Future of EMU : What Does the History of Monetary Unions Tell Us?

Bordo, Michael D. - 1999

The creation of EMU and the ECB has triggered a discussion of the future of EMU. Independent observers have pointed to a number of shortcomings or hazard areas' in the construction of EMU, such as the absence of a central lender of last resort function for EMU, the lack of a central authority...

Persistent link: https://www.econbiz.de/10012471419

Import Diversion under European Antidumping Policy

Vandenbussche, Hylke - 1999

This paper is the first to study empirically the effects of European antidumping actions on import diversion from importers 'named' in an antidumping investigation, and potentially subject to protectionist measures, to countries not named' in the investigation. For this purpose we use a unique...

Persistent link: https://www.econbiz.de/10012471444

Price Stability as a Target for Monetary Policy : Defining and Maintaining Price Stability

Svensson, Lars E.O. - 1999

This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...

Persistent link: https://www.econbiz.de/10012471507

The International Transmission and Effects of Fiscal Policies

Frenkel, Jacob A. - 1986

In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and volatile real rates of tnterest, large fluctuations in real exchange rates, and significant variations in private-sector spending. This paper reviews some of the key facts...

Persistent link: https://www.econbiz.de/10012477278

The "New" Economics of Trade Agreements : From Trade Liberalization to Regulatory Convergence?

Grossman, Gene M. - 2019

What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only governments' choices of tariffs, but also their domestic regulatory policies? We focus on horizontal product standards, i.e., those that impose requirements along a horizontal...

Persistent link: https://www.econbiz.de/10012480078

Brexit Uncertainty and Trade Disintegration

Graziano, Alejandro - 2018

trade policy risk across products and asymmetric for UK and EU exporters. We estimate that a persistent doubling of the … probability of Brexit at the average disagreement tariff of 4.5% lowers EU-UK bilateral export values by 15 log points on average …, and more so for EU than UK exporters. Neither believed a trade war was likely …

Persistent link: https://www.econbiz.de/10012480985

Competition Laws, Norms and Corporate Social Responsibility

Ding, Wenzhi - 2020

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/10012481348

The Impact of Retaliatory Tariffs on Agricultural and Food Trade

Carter, Colin A. - 2020

This paper analyzes the short-run trade effects of retaliatory tariffs against agriculture and food exports from the United States. The results indicate that these tariffs caused a substantial decline in U.S. agriculture and food exports and induced a reorientation of international trade...

Persistent link: https://www.econbiz.de/10012481730

Competition Laws and Corporate Innovation

Levine, Ross - 2020

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/10012481835

Cross-Country Causes and Consequences of the Crisis : An Update

Rose, Andrew K. - 2010

We update Rose and Spiegel (2009a, b) and search for simple quantitative models of macroeconomic and financial indicators of the "Great Recession" of 2008-09. We use a cross-country approach and examine a number of potential causes that have been found to be successful indicators of crisis...

Persistent link: https://www.econbiz.de/10012462412