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Advanced industrial countries have been exhibiting a steady decline of the labour income shares in the last two decades. The study explains this phenomenon by resorting to the old Stolper-Samuelson theorem. The conclusions concerning the impact of free trade on the income distribution are...
Persistent link: https://www.econbiz.de/10011435223
The global financial and economic crisis in 2008-09 followed by a "Euro crisis" - not a crisis of the Euro but a … sovereign debt (and/or banking) crisis in some Euro countries - forced to reforms of the asymmetric policy design of the … reform steps were necessary to make the Euro area "crisis-proof" for the future. Whether the measures taken are already …
Persistent link: https://www.econbiz.de/10011435347
The ongoing Euro crisis and the worse economic development in Europe than in the USA are grounded, not the least in the … mechanism of a new EBU would be distributed unequally between the member countries of the EU/Euro area. Germany would be the … biggest loser, Spain and the Netherlands the biggest winners. Of the non-euro countries, the UK and Sweden have the most to …
Persistent link: https://www.econbiz.de/10011435360
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011689958