Recently, she has focused mainly on the factors that determine gender inequality in different labor market outcomes.
Before coming to the United States in , he was a Fellow of Peterhouse for eight years. His research focuses on European economic history, and globalization. In his research, Jan-Egbert Sturm relies heavily on empirical methods and statistics, concentrating on monetary economics, macroeconomics as well as political economy. His applied studies have focused on, for example, economic growth and central bank policy.
European Political Science
PhD Business Administration, U. His interests include dynamic moral hazard problems, banking and risk management, education economics, real estate finance, and asset pricing. He consulted, also, central banks of Armenia and Serbia, Ministry of Finance of Serbia and a number of commercial banks. He is one of the founders of a consultancy specializing in financial risk management and was the Chairman of the largest private pension fund in Serbia.
Journal of European Public Policy: Vol 26, No 11
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Please note that we have no influence on the content of the following site. Please note that you are leaving the website of CESifo GmbH and will be redirected to our partner ifo. The positive early forecasts imply faster minimum adjustments than the weaker ex-post economic data. Abstract: The rationale for fiscal policy coordination within the European Union during normal times is weak because cross-country fiscal policy spillovers are found to be small.
During crises, spillovers are larger, either because of constraints on monetary policy or because capital markets are well integrated. With a multi-country general equilibrium model assuming perfect capital market integration, I quantify the medium run impact of foreign fiscal actions on Austria. Bailouts in smaller European countries lead to weaker spillovers.
Read the full policy brief here. Abstract: We investigate cross-country fiscal policy spillovers through the integration of capital markets in a currency union and allow capital use in production to differ across countries. Following empirical evidence, we assume that production exhibits capital-skill complementarity. Using a multi-country overlapping-generations model calibrated for 14 European Union countries, we find that output spillovers are small with standard tax reforms but can be sizeable with large government spending increases financed by taxes: long run output losses in shock-free countries can amount to a quarter of the losses in countries hit by the spending shock.
Conditional and temporary relaxing of the EU debt ceiling rule could benefit the Union as a whole. Evidence from the Finnish Great Depression of the s. National Institute Economic Review, founded in , provides a vehicle for publishing and promoting high quality research and debate on economic and related social issues.
The authors welcome comments and feedback: Alexandre Lucas Cole: alexcole82 gmail. This paper considers what will be required to make Economic and Monetary Union EMU sustainable following the successive crises of recent years. It then evaluates the recasting of EMU governance against the benchmark of sustainable integration.
Journal of European Integration , Volume 37, Issue 7, , pages
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