Showing 286,301 - 286,310 of 287,178
Europe’s catching up of the US in per capita income levels has, with some exceptions, come to a halt and turned into a decline during the 1980s and 1990s with a simultaneous secular worsening in the EU unemployment situation. The aim of the paper is to present a systematic description of the...
Persistent link: https://www.econbiz.de/10010285247
Transatlantic trade relations between the European Union and the United States have evolved rapidly at the close of the 21st century. Alongside the benefits of free trade the relationship has been marred by trade disputes. The WTO arbitration and government and business initiated transatlantic...
Persistent link: https://www.econbiz.de/10010285267
The failure to achieve equitable access to university studies has turned the focus to the funding of European higher education systems. Since the large amounts of public subsidies injected in tertiary-level education have not succeeded in reducing disparities in access for children from...
Persistent link: https://www.econbiz.de/10010285282
This paper deals with fiscal policy coordination under the Stability and Growth Pact. In particular, it addresses the question of how fiscal policy can be coordinated within EMU, where countries still differ considerably in terms of country-specific shocks and fiscal policy multipliers. To...
Persistent link: https://www.econbiz.de/10010285290
We examine how those re-entering paid-employment after a brief self-employment spell fare upon return using data from the European Community Household Panel. Unconditionally, those re-entering paid-employment appear to have considerably lower wages than those staying in the wage sector. This...
Persistent link: https://www.econbiz.de/10010285294
Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro area) - are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...
Persistent link: https://www.econbiz.de/10010285314
This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas anticipation amplifies volatility in any purely forward-looking model, such as the baseline New Keynesian model, the results are ambiguous when including a backward-looking component. In addition to these...
Persistent link: https://www.econbiz.de/10010285357
Every year between 100,000 and 120,000 migrants attempt to irregularly cross the Mediterranean to reach European shores in hope of political asylum or just a better life. In this working paper Thomas Gammeltoft-Hansen and Tanja Aalberts take on the complicated politics and law of 'rescue at...
Persistent link: https://www.econbiz.de/10010285450
This paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and...
Persistent link: https://www.econbiz.de/10010285455
Innovation in the European Union remains weak and there are relatively few signs of progress. In this policy contribution, Reinhilde Veugelers and Michele Cincera give evidence to show that compared to the US, the EU has fewer young firms among its leading innovators and the primary driver of...
Persistent link: https://www.econbiz.de/10010285472