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Sinn, Hans-Werner; Ochel, Wolfgang - 2003

need for social policies at the EU level. Social harmonisation would distort migration flows and slow down the speed of …

Persistent link: https://www.econbiz.de/10011507973

EU enlargement and the future of the welfare state

Sinn, Hans-Werner - 2000

The eastern expansion of the EU resembles German unification in its mometousness. Whereas the latter led to a 26 …% increase in the population of the Federal Republic, the former will increase the population of the EU by 28% if all ten entry … and western Eurpean countries, a massive westward migration can be expected after EU expansion. A temporary east …

Persistent link: https://www.econbiz.de/10009781584

Seignorage wealth in the Eurosystem : eurowinners and eurolosers revisited

Sinn, Hans-Werner; Feist, Holger - 2000

The rules laid down in Article 32 of the Protocol No. 18 on the Statute of the European System of Central Banks and of the European Central Bank of the Maastricht Treaty will significantly redistribute European seignorage income and hence the implicit entitlement to the 352 billion stock of...

Persistent link: https://www.econbiz.de/10009781634

EU enlargement, migration, and lessons from German unification

Sinn, Hans-Werner - 1999

The paper studies the role of international implications after EU enlargement. Based on a formal model with migration … costs for both capital and labor, it predicts a two-sided migration from the new to the old EU countries which is later …

Persistent link: https://www.econbiz.de/10009781677

The effective rate of interest on target balances

Sinn, Hans-Werner - 2019

While the formal decision of the ECB Council to impose interest on Target claims and liabilities is meaningless, this paper shows that the pooling of primary interest income among national central banks in the Eurozone implies that Target and cash balances do, in fact, bear an effective rate of...

Persistent link: https://www.econbiz.de/10012110196

Why has the Euro been falling?

Sinn, Hans-Werner; Westermann, Frank - 2001

This paper reconsiders the determinants of the exchange rate by studying the historical episode after the fall of the Iron Curtain. Testing a modified portfolio balance model, we attribute the strength of the deutschmark in the early nineties and the puzzling decline of the euro during its...

Persistent link: https://www.econbiz.de/10011398903

Mitigating carbon leakage : combining output-based rebating with a consumption tax

Böhringer, Christoph; Rosendahl, Knut Einar; … - 2015

Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...

Persistent link: https://www.econbiz.de/10011300313

Europe beyond coal - an economic and climate impact assessment

Böhringer, Christoph; Rosendahl, Knut Einar - 2020

already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be … welfare effects across EU member states. For Germany, coal phaseout combined with unilateral cancellation of allowances is …

Persistent link: https://www.econbiz.de/10012241075

The ECB's fiscal policy

Sinn, Hans-Werner - 2018

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarises the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also...

Persistent link: https://www.econbiz.de/10011845207

EU enlargement, migration and the new constitution

Sinn, Hans-Werner (contributor) - 2004

The paper deals with the effects of migration resulting from EU Eastern enlargement on the welfare states of Western … is a rational reaction of the state. The proposed new EU constitution which contains far-reaching rules for a European …

Persistent link: https://www.econbiz.de/10002523041