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What is European Integration Really About? A Political Guide for Economists

Spolaore, Enrico - 2013

Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...

Persistent link: https://www.econbiz.de/10012459539

Comparative Advantage and the Welfare Impact of European Integration

Levchenko, Andrei A. - 2012

This paper investigates the welfare gains from European trade integration, and the role of comparative advantage in determining the magnitude of those gains. We use a multisector Ricardian model implemented on 79 countries, and compare welfare in the 2000s to a counterfactual scenario in which...

Persistent link: https://www.econbiz.de/10012460598

Strong Sterling Pound and Weak European Currencies in the Crises : Evidence from Covered Interest Parity of Secured Rates

Fukuda, Shin-ichi - 2016

In the post Lehman period, the interest rate of the US dollar became low on the forward contract because of"flight to quality" to the international currency. However, in the Euro crisis, that of the Sterling pound became equally low, while the other European currencies such as the Danish kroner...

Persistent link: https://www.econbiz.de/10012456735

What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages

Badarinza, Cristian - 2014

The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...

Persistent link: https://www.econbiz.de/10012458258

The "Austerity Myth" : Gain Without Pain?

Perotti, Roberto - 2011

detailed case studies, two - Denmark and Ireland - undertaken under fixed exchange rates (the most relevant case for many …All four episodes were associated with an expansion; but only in Denmark the driver of growth was internal demand … driver of growth was exports. In Ireland this occurred because the sterling coincidentally appreciated. In Finland and Sweden …

Persistent link: https://www.econbiz.de/10012461087

Innovativity : A Comparison Across Seven European Countries

Mohnen, Pierre - 2006

: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …

Persistent link: https://www.econbiz.de/10012466388

Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects

Alesina, Alberto - 1996

on three case studies: Denmark, Ireland and Italy …

Persistent link: https://www.econbiz.de/10012473108

Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries

Giavazzi, Francesco - 1990

two most extreme cases -- Denmark and Ireland. We find that at least in the experience of these two countries the …

Persistent link: https://www.econbiz.de/10012475661

No Pain, No Gain : The Effects of Exports on Effort, Injury, and Illness

Hummels, David - 2016

Increased job effort can raise productivity and income but put workers at increased risk of illness and injury. We combine Danish data on individuals' health with Danish matched worker-firm data to understand how rising exports affect individual workers' effort, injury, and illness. We find that...

Persistent link: https://www.econbiz.de/10012456274

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