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Argument: The paper argues that the introduction of the Euro has considerably reduced de facto monetary policy autonomy in non-ECU members. We start from a simple Mundellian model, in which currency unions raise economic efficiency but reduce monetary policy autonomy. Our main argument holds...
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Existing accounts of counterterrorist policies posit that defensively oriented measures create negative externalities and result in regulatory competition inducing governments to increasingly tighten their policies. We argue that rather than causing an unconditional global ‘race to the top,'...
Persistent link: https://www.econbiz.de/10013090622
Infectious diseases generate spatial dependence or contagion not only between individuals but also between geographical units. New infections in one local district do not just depend on properties of the district, but also on the strength of social ties of its population with populations in...
Persistent link: https://www.econbiz.de/10013215181
Premature mortality exhibits strong spatial patterns in Great Britain. Local authorities that are located further North and West, that are more distant from its political centre London and that are more urban tend to have a higher premature mortality rate. Premature mortality also tends to...
Persistent link: https://www.econbiz.de/10014113780