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Discussion Paper
The Transatlantic Economy Policy Responses to the Pandemic and the Road to Recovery Conference
Pesenti, Paolo; Rey, Helene; Bertoldi, Moreno (2022-07-29)
The Federal Reserve Bank of New York, the European Commission, and the Center for Economic and Policy Research (CEPR) jointly organized the conference “Transatlantic Economic Policy Responses to the Pandemic and the Road to Recovery,” on November 18, 2021. The conference brought together U.S. and European-based policymakers and economists from academia, think tanks, and international financial institutions to discuss issues that transatlantic policymakers are facing. The conference was held before the Russian invasion of Ukraine and the global monetary tightening. Still, its medium to ...
Liberty Street Economics , Paper 20220729

Labor Force Participation and Hours Worked Recovery: U.S. vs. Europe
Bick, Alexander; Bloodworth II, Kevin (2023-12-21)
The labor force participation rate in the U.S. had returned to its pre-pandemic level by 2023:Q2, but hours worked per person had not. What about in European countries?
On the Economy

Working Paper
Efficiency barriers to the consolidation of the European financial services industry
Udell, Gregory F.; DeYoung, Robert; Berger, Allen N. (2000)
Cross-border consolidation of financial institutions within Europe has been relatively limited, possibly reflecting efficiency barriers to operating across borders, including distance; differences in language, culture, currency, and regulatory/supervisory structures; and explicit or implicit rules against foreign competitors. EU policies such as the Single Market Programme and the European Monetary Union attenuate some but not all of these barriers. The evidence is consistent with the hypothesis that these barriers offset most of any potential efficiency gains from cross-border consolidation. ...
Finance and Economics Discussion Series , Paper 2000-37

Discussion Paper
How Has Germany's Economy Been Affected by the Recent Surge in Immigration?
Klitgaard, Thomas; Higgins, Matthew (2019-05-20)
Germany emerged as a leading destination for immigration around 2011, as the country's labor market improved while unemployment climbed elsewhere in the European Union. A second wave began in 2015, with refugees from the Middle East adding to already heavy inflows from Eastern Europe. The demographic consequences of the surge in immigration include a renewed rise in Germany's population and the stabilization of the country's median age. The macroeconomic consequences are hard to measure but look promising, since per capita income growth has held up and unemployment has declined. Data on ...
Liberty Street Economics , Paper 20190520

Newsletter
The return of Central Europe
Hervey, Jack L. (1990-05)
Chicago Fed Letter , Issue May

Conference Paper
The role of central banks
Volcker, Paul A. (1990)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
The changing role of banking supervision
Swaan, Tom de (2000-10)
Economic Policy Review , Issue Oct , Pages 73-79

Report
European integration and asymmetry in the EMS
Uctum, Merih (1996)
The empirical literature offers conflicting views of German dominance in the European Monetary System. We examine the validity of the German dominance hypothesis (GDH) by analyzing the responses of the European central banks and the money markets to monetary innovations originating both in Europe (European asymmetry) and abroad (international asymmetry). Our results reconcile the conflicting views in the literature. The GDH is confirmed when the analysis is conducted with intervention rates before the German unification. Results support European asymmetry with short rates before 1990 but not ...
Research Paper , Paper 9605

Conference Paper
Policymakers' revealed preferences and the output-inflation variability trade-off: implications for the European system of central banks
Cecchetti, Stephen G.; Perez-Quiros, Gabriel; McConnell, Margaret M. (1999)
Proceedings

Journal Article
Herpetology
Sargen, Nicholas (1976)
FRBSF Economic Letter

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