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While the history of the public telephone system at the end of the 19th and the beginning of the 20th century is … relatively well documented, the introduction and the uses of the telephone in large firms are seldom examined in histories of the … telephone and research on the development of communication systems. The current paper deals with the implementation of the …
Persistent link: https://www.econbiz.de/10011418334
factors of production (capital and labor). In contrast, the consequences of FDI from the capital abundant country (EU) to the … country CGE model, including the EU and the CEEC. A panel regression for both regions separately, helps to decide empirically … advantage (increase in global net trade) has contributed to a decline in the labor income shares in the EU. Additionally, those …
Persistent link: https://www.econbiz.de/10011347055
Persistent link: https://www.econbiz.de/10001350594
asymmetries national parliaments remained de jure but not de facto equal in the exercise of their control powers at the EU level … Parlamente blieben bei der Ausübung ihrer Kontrollkompetenzen auf EU-Ebene zwar formalrechtlich einander gleichgestellt, faktisch …
Persistent link: https://www.econbiz.de/10011410026
Persistent link: https://www.econbiz.de/10011419608
The present paper provides a new explanation for the dynamics of exchange rates based on conventions that prevail among market participants. The model relies on a two states Markov switching framework: a bull state and a bear state. In the bull state, agents are optimistic and put more weight on...
Persistent link: https://www.econbiz.de/10011373501
The study investigates the business cycle dynamics in the euro area using an empirical framework which comprises common global and euro area shocks as well as allows bilateral spillovers of country-specific shocks across the member economies. Three core questions lie at the heart of the...
Persistent link: https://www.econbiz.de/10011373506
This paper implements a methodology to evaluate the desiderability of monetary and fiscal rules within the context of the EMU using a DSGE model within a New Keynesian framework with sticky prices. The approach adopted is a welfare-based criterion that measures the welfare losses associated with...
Persistent link: https://www.econbiz.de/10011373511
This paper demonstrates that, after integration, equity portfolios of countries that joined the European Monetary Union have converged at faster rate than those of NON EMU countries. This outcome can be interpreted as a combination of the convergence of inflation rates and the convergence of...
Persistent link: https://www.econbiz.de/10011373515