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Do real interest rates converge? Evidence from the European Union
Arghyrou, Michael G.; Gregoriou, Andros; Kontonikas, … - Department of Economics, Adam Smith Business School - 2007
average. For the majority of our sample countries we obtain evidence of real interest rate convergence towards the latter …. Convergence, however, is a gradual process subject to structural breaks, typically falling close to the launch of the euro. Our …
Persistent link: https://www.econbiz.de/10005549023
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Balkan and Mediterranean Candidates for European Union Membership: The Convergence of their Monetary Policy with that of the European Central Bank
Brada, Josef C.; Kutan, Ali M. - William Davidson Institute, University of Michigan - 2002
We compare the convergence with German monetary policy of the Balkan and Mediterranean country candidates for EU …
Persistent link: https://www.econbiz.de/10005652568
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Structural Reforms and Growth in Transition: A Meta-Analysis
Babecky, Jan; Havranek, Tomas - William Davidson Institute, University of Michigan - 2013
The present fiscal difficulties of many countries amplify the call for structural reforms. To provide stylized facts on how reforms worked in the past, we quantitatively review 60 studies estimating the relation between reforms and growth. These studies examine structural reforms carried out in...
Persistent link: https://www.econbiz.de/10011161367
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Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP?
Feige, Edgar L.; Urban, Ivica - William Davidson Institute, University of Michigan - 2008
transition decade and finds a disturbing lack of convergence between them, calling into question the reliability of GDP figures …
Persistent link: https://www.econbiz.de/10005784718
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The dynamic behaviour of budget components and output – the cases of France, Germany, Portugal, and Spain
Afonso, António; Claeys, Peter - ISEG - School of Economics and Management, Department … - 2006
The main focus of this paper is the relation between the cyclical components of total revenues and expenditures and the budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public finances that contribute to explaining the current stance...
Persistent link: https://www.econbiz.de/10005463751