Showing 1 - 9 of 9
The trade balances of the Euro Area (EA) and of the US have improved markedly after the Global Financial Crisis. This paper quantifies the drivers of EA and US economic fluctuations and external adjustment, using an estimated (1999-2017) three-region (US, EA, rest of world) DSGE model with trade...
Persistent link: https://www.econbiz.de/10011892052
The present paper considers urban sprawl in Europe from a multi- dimensional and exploratory point of view. Several literatures on the topic (mainly from urban economics, but also from other fields such as urban planning or regional science) are reviewed to extract the main dimensions of the...
Persistent link: https://www.econbiz.de/10011332393
This paper analyzes the dynamics of structural polarization and macroeconomic divergence in the context of European integration, where the latter is understood primarily as an increase in economic and financial openness. In the process of estimating the dynamic effects of such an openness shock...
Persistent link: https://www.econbiz.de/10012099049
This paper investigates the impact of aid on growth. A clear departure from the vast majority of the existing literature is that we a disaggregate aid by functional classification. Using the GMM SYS approach to dynamic panel estimator we test the three main competing specifications in the aid...
Persistent link: https://www.econbiz.de/10010301443
Countries' capital account policies might be contagious in the sense that domestic policies are driven by other countries' policies. A model of strategic interactions is developed to show that countries' best response to policy changes elsewhere consists in imitating this policy. Using a spatial...
Persistent link: https://www.econbiz.de/10010301530
We isolate the direct bank-to-sovereign distress channel within the Eurozone's sovereignbank-loop by exploiting the global, non-Eurozone related variation in stock prices. We instrument banking sector stock returns in the Eurozone with exposure-weighted stock market returns from non-Eurozone...
Persistent link: https://www.econbiz.de/10012099077
Do information frictions have a causal impact on the international flow of financial capital? Using the international rollout of telegraph cables in the 19th century, I show causal evidence that reductions in information frictions had a significant and positive impact on the bilateral...
Persistent link: https://www.econbiz.de/10012623190
Fast technological changes and constant growth of knowledge in many areas have led to an increasing importance of different approach to education. Efficient education is the foundation of modern society and it has the most important role in preparing students for a very flexible labour market....
Persistent link: https://www.econbiz.de/10012141474
Purpose: SmartAirCargoTrailers improve short-distance air cargo transports within airport premises. They create real-time-transparency between the partners in the transport chain and thereby reduces waiting times while at the same time increasing equipment utilization. An autonomous truck with...
Persistent link: https://www.econbiz.de/10012143175