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Globalisation and social spending
In: CESifo working paper series 885
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the importance of a reverse causality from competitiveness to social spending, and find that this is weak. We also present some possible explanations for our empirical finding. Finally, we interpret our findings in the framework of a theoretical model in which risk affects the size of the social sector and in which social spending affects the production function of the private sector.
The exchange rate and its fundamentals: a chaotic perspective
In: Working paper series Center for Economic Studies ; Ifo Institute ; 639
In: Category 6, Monetary policy and international finance
Is inflation always and everywhere a monetary phenomenon?
In: Discussion paper series 2841
In: International macroeconomics
The political economy of monetary union
In: The international library of critical writings in economics series 134
Monetary policies in the presence of asymmetries
In: Discussion paper series 2393
In: International macroeconomics
The European Central Bank: decision rules and macroeconomic performance
In: Discussion paper series 2067
In: International macroeconomics
The risk of deflation in the future EMU: lessons of the 1990s
In: Discussion paper series 1834
In: International macroeconomics
The indeterminacy of the euro conversion rates: why it matters and how it can be solved
In: Discussion paper series 1677
In: International macroeconomics
The economics of convergence towards Monetary Union in Europe
In: EUI working papers
In: Robert Schuman Centre 96,14
World Affairs Online
The economics of convergence towards monetary union in Europe
In: EUI working papers / Robert Schuman Centre, 96,14
World Affairs Online
Paradigms of macroeconomic policy for the open economy
In: International economics research paper 112
In: CES discussion paper