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BEGIN:VEVENT
UID:5b133b479825813b12845db4a04a5def
CATEGORIES:Seminars
CREATED:20161213T180947
SUMMARY:Lunch Seminar: Luigi Guiso - EIEF
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p style="text-align: justify;"><strong>Cultural Differences and Institutio
 nal Integration</strong></p><p style="text-align: justify;">Abstract:</p><p
  style="text-align: justify;">If citizens of different countries belonging 
 to an economic union adhere to different and deeply rooted cultural norms, 
 when these countries interact their leaders may find it impossible to agree
  on efficient policies, especially in hard times. Political leaders. action
 s are bound to express policies that do not violate these norms. This paper
  provides a simple positive theory and a compelling case study of the impor
 tance of cultural clashes when economies integrate, as well as a normative 
 argument about the desirability of institutional integration. We argue that
  a political union, with a common enforcement agency, is the more bene.cial
  the greater is cultural diversity in an economic union.</p>
DTSTAMP:20260406T181218Z
DTSTART:20150706T130000Z
DTEND:20150706T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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