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Exchange Rate and Inflation Under Weak Monetary Policy : Turkey Verifies Theory

Gürkaynak, Refet S.; Kısacıkoğlu, Burçin; Lee, … - 2022

For the academic audience, this paper presents the outcome of a well-identified, large change in the monetary policy rule from the lens of a standard New Keynesian model and asks whether the model properly captures the effects. For policymakers, it presents a cautionary tale of the dismal...

Persistent link: https://www.econbiz.de/10014083478

Macroeconomic Policy Making and Current Account Imbalances in the Euro Area

Murai, Taiki; Schnabl, Gunther - 2021

The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels such as international bank lending, changes in TARGET2...

Persistent link: https://www.econbiz.de/10013221180

On Optimal Currency Areas and Common Cycles : Are the Acceding Countries Ready to Join the Euro?

Grimm, Louisa; Steinkamp, Sven; Westermann, Frank - 2021

The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...

Persistent link: https://www.econbiz.de/10013232406

The Brexit Conundrum Worsens the UK's Relationship with the European Union

Ryan, John T - 2019

This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister Theresa May's weak political leadership. The Prime Minister focused on securing the short-term political survival of her government amidst turbulent and fractious domestic...

Persistent link: https://www.econbiz.de/10012861473

Pricing Group Membership

Bandyopadhyay, Siddhartha - 2020

We consider a model where agents differ in their ‘types' which determines their voluntary contribution towards a public good. We analyze what the equilibrium composition of groups are under centralized and centralized choice. We show that there exists a top-down sorting equilibrium i.e. an...

Persistent link: https://www.econbiz.de/10012824828

Firm-to-Firm Trade : Imports, Exports, and the Labor Market

Eaton, Jonathan; Kortum, Samuel; Kramarz, Francis - 2022

Customs data reveal heterogeneity and granularity of relationships among buyers and sellers. A key insight is how more exports to a destination break down into more ﬁrms selling there and more buyers per exporter. We develop a quantitative general equilibrium model of ﬁrm-to-ﬁrm matching...

Persistent link: https://www.econbiz.de/10013306035

The Trade and FDI Effects of EMU Enlargement

Brouwer, Jelle Hindriks; Paap, Richard; Viaene, Jean-Marie - 2021

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...

Persistent link: https://www.econbiz.de/10013316812

Expecting Brexit

Dhingra, Swati; Sampson, Thomas - 2022

The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed expectations about future UK-EU relations. Studying its...

Persistent link: https://www.econbiz.de/10013306955

Turkish delight for some, cold turkey for others?: The effects of the EU-Turkey Customs Union

Adam, Antonis; Moutos, Thomas - 2005

Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly … agricultural sector, Turkey also specializes in the production and exportation of relatively low-price, low-quality varieties of … asymmetric changes in the trade volumes of the incumbent countries of the EU as a result of the EU-Turkey CU. By examining …

Persistent link: https://www.econbiz.de/10010261340

Justice Delayed is Assimilation Denied : Rightwing Terror, Fear and Social Assimilation of Turkish Immigrants in Germany

Deole, Sumit S. - 2018

In 2011, German police accidentally stumbled upon a previously unknown right-wing extremist group called the National Socialist Underground (NSU). Further investigations implicated the group in previously unexplained murders of mostly ethnically Turkish individuals and in other crimes targeting...

Persistent link: https://www.econbiz.de/10012908664