Coutinho, Leonor; Turrini, Alessandro - In: Intereconomics : review of European economic policy 55 (2020) 5, pp. 301-311
This paper studies the relationship between real convergence in the euro area and macroeconomic imbalances. It compares … the main features of convergence within the euro area with other EU and non-EU country groups, looking at both ‘sigma’ and … ‘beta’ convergence in output and total factor productivity. Expected convergence paths for euro area countries are estimated …