Bianchi, Carluccio; Lorenzini, Eleonora - Dipartimento di Scienze Economiche e Aziendali, … - 2014
This paper aims to apply the balance of payments constrained-growth model to explain Euro area growth performance in the last forty years and to discuss likely prospects for the future. After a formal reconsideration of the long-run and short-run arguments supporting the validity of the...