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This Country Focus studies the development of private consumption in France during the decade before the crisis. Are French consumers greater spendthrifts than their European fellows? In this paper, we estimate a consumption function to show that strong growth of private consumption in France...
Persistent link: https://www.econbiz.de/10009641052
In Germany private consumption virtually stagnated for nearly a decade and clearly lagged behind GDP growth. This Country Focus uses the estimation of a consumption function to show that the drop in employment is the most important factor behind the reluctance to consume in the first half of...
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The euro will strengthen macroeconomic stability in Cyprus, ensuring low inflation and low interest rates that are a … opportunities for businesses. Moreover, being part of the single currency and the euro area also engenders further trade …
Persistent link: https://www.econbiz.de/10011335319
euro as at September 2001. They update the previous factsheets dating from 1998 and outline the progress made since. …
Persistent link: https://www.econbiz.de/10011335321
in four important areas. The first part presents an assessment of the macro-economic performance of the euro-area economy … economic policy co-ordination. The second part describes the external development of the euro, including its role as an … international currency. The study then goes on to highlight the important changes which have taken place in euro-area financial …
Persistent link: https://www.econbiz.de/10011335322