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Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States

Stolz, Stéphanie Marie; Wedow, Michael - 2010

The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary assessment of the effectiveness of such...

Persistent link: https://www.econbiz.de/10010300735

EU ETS und der Lieberman-Warner Climate Security Act: Effizienzunterschiede und Möglichkeiten transatlantischen Emissionshandels

Kubsch, Sebastian - 2009

worden. Die USA haben schon vor Beginn der Präsidentschaft Barack Obamas ebenfalls mit den Planungen eines solchen Systems …

Persistent link: https://www.econbiz.de/10010302107

Europe integrates less than you think: Evidence from the market for corporate control in Europe and the US

Umber, Marc P.; Grote, Michael H.; Frey, Rainer - 2010

National borders are still strong barriers for mergers and acquisitions in Europe. We estimate a gravity equation model based on NUTS 2-regions and find that the restraining impact of national borders decreased by about a third between 1990 and 2007. However, there has been no significant change...

Persistent link: https://www.econbiz.de/10010302763

Die operative Umsetzung der Geldpolitik: Eurosystem, Fed und Bank of England

Ruckriegel, Karlheinz; Seitz, Franz - In: Wirtschaftsdienst 86 (2006) 8, pp. 540-548

Bei der operativen Umsetzung der Geldpolitik hat es in den letzten Jahren einige Änderungen gegeben. Welche Entwicklungen sind festzustellen? Welche geldpolitischen Instrumente stehen den Zentralbanken grundsätzlich zur Verfügung? Was ist der zentrale geldpolitische Ansatzpunkt der EZB, des...

Persistent link: https://www.econbiz.de/10010303338

What the European and American welfare states have in common and where they differ: Facts and fiction in comparisons of the European social model and the United States

Alber, Jens - 2009

This paper examines to what extent the classification of the American welfare state as "residual" squares with the empirical facts. Section I describes key features of American social policy developments. The U.S. system is clearly dominated by public provisions for welfare among which social...

Persistent link: https://www.econbiz.de/10010304161

On the Extent of Economic Integration: A Comparison of EU Countries and US States

Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2010

European economic integration is commonly believed to be incomplete, and that further reforms are needed. In this context, the union of U.S. states is considered the benchmark of complete economic integration and is often the basis for comparison regarding the extent of E.U economic integration....

Persistent link: https://www.econbiz.de/10010325686

Did the Sarbanes-Oxley Act of 2002 make Firms less Opaque? Evidence from Analyst Earnings Forecasts

Arping, Stefan; Sautner, Zacharias - 2010

We study whether the Sarbanes-Oxley Act (SOX) of 2002 made firms less opaque. For identification, we use a difference-in-differences estimation approach and compare EU firms that are cross-listed in the US—and therefore subject to SOX—with comparable EU firms that are not cross-listed. We...

Persistent link: https://www.econbiz.de/10010325984

Employment Protection, Technology Choice, and Worker Allocation

Bartelsman, Eric J.; Gautier, Pieter A.; de Wind, Joris - 2010

Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk innovative sectors are relatively smaller in countries with strict employment protection legislation (EPL). To understand the mechanism, we develop a two-sector matching model where...

Persistent link: https://www.econbiz.de/10010326074

Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise? Deutschland im Vergleich mit der EU und den USA

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009

Europäischen Union und in den USA in der aktuellen Wirtschaftskrise. Dazu werden zwei Szenarien simuliert: erstens ein … absorbiert werden, verglichen mit 32 % in den USA. Im Fall des Beschäftigungsschocks ist der Unterschied zwischen Europa und den … USA deutlich größer: 48 % in der EU und lediglich 34 % in den USA. Unter der Annahme, dass nur die Nachfrage …

Persistent link: https://www.econbiz.de/10010331512

Automatic stabilization and discretionary fiscal policy in the financial crisis

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - In: IZA Journal of Labor Policy 1 (2012), pp. 1-19

This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...

Persistent link: https://www.econbiz.de/10010331982