Showing 1 - 10 of 6,879
the macroeconomic determinants of bilateral migration flows. Econometric evidence suggests that labour mobility increases …
Persistent link: https://www.econbiz.de/10011326538
This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of a vector autoregression (VAR) analysis in the vein of...
Persistent link: https://www.econbiz.de/10011574802
Persistent link: https://www.econbiz.de/10011642497
Persistent link: https://www.econbiz.de/10010516840
Persistent link: https://www.econbiz.de/10012172595
quantify risk sharing can be extended to account for migration as an additional channel of cross-country risk sharing. In … theory, migration should play a key role when it comes to insulating per capita consumption from aggregate fluctuations, and … these results, we also present survey evidence which shows that migration rates are about 20 times higher in the US. Lastly …
Persistent link: https://www.econbiz.de/10013235109
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...
Persistent link: https://www.econbiz.de/10003366053
Persistent link: https://www.econbiz.de/10011761741
Persistent link: https://www.econbiz.de/10013430602
The process of monetary integration in Europe began amid widespread skepticism among economists about the project. But today the success of the euro has prompted a reconsideration of whether monetary unions should be implemented elsewhere. This CESifo volume assesses contemporary theoretical and...
Persistent link: https://www.econbiz.de/10013481745