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The Effect of G20 Summits on Global Financial Markets
Lo Duca, Marco - 2014
In the wake of the global financial crisis, the G20 has become the most important forum of global governance and cooperation, largely replacing the once powerful G7. In this paper we run an event study to test whether G20 meetings at ministerial and Leaders level have had an impact on global...
Persistent link: https://www.econbiz.de/10013058549
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Mars or Mercury Redux : The Geopolitics of Bilateral Trade Agreements
Eichengreen, Barry - 2019
We analyze the role of economic and security considerations in bilateral trade agreements. We use the pre-World War I period to test whether trade agreements are governed by pecuniary factors, such as distance and other frictions measured by gravity covariates, or by geopolitical factors. While...
Persistent link: https://www.econbiz.de/10012891795
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Globalization and Income Inequality : A European Perspective
Harjes, Thomas - 2007
There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These …
Persistent link: https://www.econbiz.de/10014403015
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Global risks and collective action failures : what can the international community do?
Ötker-Robe, İnci - 2014
Persistent link: https://www.econbiz.de/10010441934
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Global Risks and Collective Action Failures : What Can the International Community Do?
Otker-Robe, Inci - 2014
Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10014411688
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Do subnational fiscal rules foster fiscal discipline? : new empirical evidence from Europe
Kotia, Ananya; Lledó, Victor D. - 2016
This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the fiscal attitudes of the central government as instruments to obtain consistent estimates of the...
Persistent link: https://www.econbiz.de/10011705636
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Regional Labor Market Adjustments in the United States and Europe
Dao, Mai - 2014
a set of 21 Europe countries, we show that while the short-term response of participation rates to labor demand shocks … is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time …
Persistent link: https://www.econbiz.de/10014411406
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Successful Austerity in the United States, Europe and Japan
Callegari, Giovanni - 2012
, Europe and Japan allowing for fiscal multipliers to vary across recessions and booms. We also estimate ex ante probabilities …
Persistent link: https://www.econbiz.de/10014395687
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The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States
Thomas, Alun H. - 1994
.S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all … force to employment shocks is much greater in the United States compared to Europe. The strong labor force response in the … United States prevents any persistence in relative regional unemployment rates whereas the lack of mobility in Europe results …
Persistent link: https://www.econbiz.de/10014398207
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Growing apart, losing trust? : the impact of inequality on social capital
Gould, Eric D.; Hijzen, Alexander - 2016
States, and the European Social Survey (ESS) for Europe. Our analysis for the United States exploits variation across states …
Persistent link: https://www.econbiz.de/10011715324