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Risk Sharing in Currency Unions : The Migration Channel
Kohler, Wilhelm; Müller, Gernot J.; Wellmann, Susanne - 2021
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
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Risk sharing in currency unions : the migration channel
Kohler, Wilhelm; Müller, Gernot J.; Wellmann, Susanne - 2021
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/10012494920
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Risk sharing in currency unions : the migration channel
Kohler, Wilhelm; Müller, Gernot J.; Wellmann, Susanne - 2021
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/10012509026
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Estonia and the European Monetary Union : are there benefits from a “late” accession?
Baas, Timo - 2014
The failure of the Maastricht criteria delayed Estonia’s accession to the European Monetary Union (EMU) until January 2011. During this time, trading shares with Eurozone countries declined, raising questions about the optimal accession time. In this study, the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10010417152
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Estonia and the European Monetary Union – Are There Benefits from a 'Late' Accession?
Baas, Timo - 2014
The failure of the Maastricht criteria delayed Estonia's accession to the European Monetary Union (EMU) until January 2011. During this time, trading shares with Eurozone countries declined, raising questions about the optimal accession time. In this study, the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10013050232
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Labour mobility and labour market adjustment in the EU
Arpaia, Alfonso; Kiss, Áron; Palvolgyi, Balazs; … - 2015
This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration...
Persistent link: https://www.econbiz.de/10011326538
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Labour mobility and labour market adjustment in the EU
Arpaia, Alfonso; Kiss, Áron; Palvolgyi, Balazs; … - In: IZA journal of migration : IZAJOM 5 (2016) 21, pp. 1-21
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
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Regional migration and wage inequality in the West African Economic and Monetary Union
Girsberger, Esther Mirjam; Méango, Romuald; Rapoport, … - 2018
migrants in the seven economic capitals of the region. We first estimate the counterfactual wage distributions of UEMOA … migrants in absence of migration to evaluate the effect of regional migration when the effect of migration is purely … average wages. The later result is due primarily to the fact that we now account for the predominant pattern of migrants …
Persistent link: https://www.econbiz.de/10011959449
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Regional Migration and Wage Inequality in the West African Economic and Monetary Union
Girsberger, Esther Mirjam; Meango, Romuald; Rapoport, Hillel - 2022
migrants in the seven economic capitals of the region. We first estimate the counterfactual wage distributions of UEMOA … migrants in absence of migration to evaluate the effect of regional migration when the effect of migration is purely … average wages. The later result is due primarily to the fact that we now account for the predominant pattern of migrants …
Persistent link: https://www.econbiz.de/10014078552
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After the crash : a perspective on multilevel European democracy
Scharpf, Fritz W. - 2014
At the end of the postwar period, the politically shaped configurations of normatively integrated European political economies differed greatly among "social-market" and "liberal market economies." Such differences persist even though the characteristic achievements of social market economies...
Persistent link: https://www.econbiz.de/10010459717