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Relative Prices and Economic Adjustment in the U.S. and the EU

Relative Prices and Economic Adjustment in the U.S. and the EU PDF Author: Mr.Tamim Bayoumi
Publisher: International Monetary Fund
ISBN: 1451848633
Category : Business & Economics
Languages : en
Pages : 36

Book Description
Structural vector autoregressions are used to analyze the relationship between real output and relative prices within the EU and the United States, Relative price variability appears to be more important for adjustment within the EU than the United States, reflecting the lower integration of goods and factor markets. In the absence of higher market integration, the lower relative price variability implied by the introduction of a single currency in the EU could well cause significant economic disruption.

Relative Prices and Economic Adjustment in the U.S. and the EU

Relative Prices and Economic Adjustment in the U.S. and the EU PDF Author: Mr.Tamim Bayoumi
Publisher: International Monetary Fund
ISBN: 1451848633
Category : Business & Economics
Languages : en
Pages : 36

Book Description
Structural vector autoregressions are used to analyze the relationship between real output and relative prices within the EU and the United States, Relative price variability appears to be more important for adjustment within the EU than the United States, reflecting the lower integration of goods and factor markets. In the absence of higher market integration, the lower relative price variability implied by the introduction of a single currency in the EU could well cause significant economic disruption.

Relative Prices and Economic Adjustment in the US and EU

Relative Prices and Economic Adjustment in the US and EU PDF Author: Tamim A. Bayoumi
Publisher:
ISBN:
Category : Prices
Languages : en
Pages : 48

Book Description


Relative Prices and Economic Adjustment in the U.S. And the EU

Relative Prices and Economic Adjustment in the U.S. And the EU PDF Author: Tamim Bayoumi
Publisher:
ISBN:
Category :
Languages : en
Pages : 38

Book Description


Relative prices and economic adjustment in the U.S. and the EU

Relative prices and economic adjustment in the U.S. and the EU PDF Author: Fondo Monetario Internacional
Publisher:
ISBN:
Category :
Languages : es
Pages : 22

Book Description


One Market, One Money

One Market, One Money PDF Author: Michael Emerson
Publisher:
ISBN: 9780198773245
Category : Business & Economics
Languages : en
Pages : 356

Book Description
The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence

Why Is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence PDF Author: Mai Chi Dao
Publisher: International Monetary Fund
ISBN: 1484311043
Category : Business & Economics
Languages : en
Pages : 70

Book Description
This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assembled dataset, and analyzes the drivers behind it. Technological progress, along with varying exposure to routine occupations, explains about half the overall decline in advanced economies, with a larger negative impact on middle-skilled workers. In emerging markets, the labor share evolution is explained predominantly by global integration, particularly the expansion of global value chains that contributed to raising the overall capital intensity in production.

Why Growth Rates Differ

Why Growth Rates Differ PDF Author: Edward Fulton Denison
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 494

Book Description


The Economics of World War I

The Economics of World War I PDF Author: Stephen Broadberry
Publisher: Cambridge University Press
ISBN: 1139448358
Category : History
Languages : en
Pages : 363

Book Description
This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

Learning from SARS

Learning from SARS PDF Author: Institute of Medicine
Publisher: National Academies Press
ISBN: 0309182158
Category : Medical
Languages : en
Pages : 376

Book Description
The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.

The American Economy

The American Economy PDF Author: Anton Brender
Publisher: Centre for European Policy Studies
ISBN: 9789461386755
Category : Political Science
Languages : en
Pages : 136

Book Description
Each year, 25% of the world's output is produced by less than 5% of the planet's population. The juxtaposition of these two figures gives an idea of the power of the American economy. Not only is it the most productive among the major developed economies, but it is also a place where new products, services and production methods are constantly being invented. Even so, for all its efficiency and its capacity for innovation, the United States is progressively manifesting worrying signs of dysfunction. Since the 1970s, the American economy has experienced increasing difficulty in generating social progress. Worse still, over the past twenty years, signs of actual regression are becoming more and more numerous. How can this paradox be explained? Answering this question is the thread running throughout the chapters of this book. Anton Brender and Florence Pisani, economists with Candriam Investors Group, offer the reader an overview of the history and structure of the American economy, guided by a concern to shed light on the problems it faces today.