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Country-specific business cycle fluctuations are potentially very costly for member states of currency unions because they lack monetary autonomy. The actual costs depend on the extent to which consumption is shielded from these fluctuations and thus on the extent of risk sharing across member...
Persistent link: https://www.econbiz.de/10013235109
Persistent link: https://www.econbiz.de/10012052294
Labour market developments in the Euro area diverged significantly since 2008. Economic literature frequently refers to labour mobility as pillar for the functioning of currency areas. Applying the CGE model PuMA, we quantitatively analyse to what extent labour mobility can contribute to...
Persistent link: https://www.econbiz.de/10013164979
We study how the EU enlargement in 2004 and the Great Recession in the late 2000s have shaped the scale and composition of migration flows from the New Member States to Germany. We demonstrate that immigration increased substantially despite the restrictions on the German labor market, and that...
Persistent link: https://www.econbiz.de/10009683010
new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is … tentative evidence that the migration response to the crisis has been considerable in Europe, in contrast to the United States …
Persistent link: https://www.econbiz.de/10010238890
new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is … tentative evidence that the migration response to the crisis has been considerable in Europe, in contrast to the United States …
Persistent link: https://www.econbiz.de/10010257748
new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is … tentative evidence that the migration response to the crisis has been considerable in Europe, in contrast to the United States …
Persistent link: https://www.econbiz.de/10010419406
-crisis migration movements at the regional level in both Europe and the United States, and their association with asymmetric labour … market shocks. Based on fixed-effects regressions using regional panel data, we find that Europe's migratory response to … measured population changes in Europe were due to migration for employment purposes - i.e. an upper-bound estimate - up to …
Persistent link: https://www.econbiz.de/10011813750
-crisis migration movements at the regional level in both Europe and the United States, and their association with asymmetric labour … market shocks. Based on fixed-effects regressions using regional panel data, we find that Europe's migratory response to … measured population changes in Europe were due to migration for employment purposes - i.e. an upper-bound estimate - up to …
Persistent link: https://www.econbiz.de/10012130664
-crisis migration movements at the regional level in both Europe and the United States, and their association with asymmetric labour … market shocks. Based on fixed-effects regressions using regional panel data, we find that Europe's migratory response to … measured population changes in Europe were due to migration for employment purposes - i.e. an upper-bound estimate - up to …
Persistent link: https://www.econbiz.de/10011798141