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Euro area labour markets : different reaction to shocks?
Brůha, Jan; Pierluigi, Beatrice; Serafini, Roberta - 2011
A small labour market model for the six largest euro area countries (Germany, France, Italy, Spain, the Netherlands, Belgium) is estimated in a state -space framework. The model entails, in the long run, four driving forces: a trend labour force component, a trend labour productivity component,...
Persistent link: https://www.econbiz.de/10008901500
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Euro Area Labour Markets and the Crisis
Anderton, Robert - 2012
Between the start of the economic and financial crisis in 2008, and early 2010, almost four million jobs were lost in the euro area. Employment began to rise again in the first half of 2011, but declined once more at the end of that year and remains at around three million workers below the...
Persistent link: https://www.econbiz.de/10013100053
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Economic Structures 20 Years into the Euro
Sondermann, David - 2019
strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …
Persistent link: https://www.econbiz.de/10012868456
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The impact of the euro on trade : two decades into monetary union
Gunnella, Vanessa; Lebastard, Laura; López-García, Paloma - 2021
The consensus back in 2008 – ten years after the introduction of the euro – was that the adoption of a common currency had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al., 2008). Since then, six more countries have...
Persistent link: https://www.econbiz.de/10012650865
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The Implications of Globalisation for the ECB Monetary Policy Strategy
Lodge, David; Everett, Mary; Bandt, Olivier de; … - 2021
This paper assesses how globalisation has shaped the economic environment in which the ECB operates and discusses whether this warrants adjustments to the monetary policy strategy. The paper first looks at how trade and financial integration have evolved since the last strategy review in 2003....
Persistent link: https://www.econbiz.de/10013210849
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Economic Structures 20 Years into the Euro
Sondermann, David; Consolo, Agostino; Gunnella, Vanessa; … - 2021
strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …
Persistent link: https://www.econbiz.de/10013322232
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The Impact of the Euro on Trade : Two Decades into Monetary Union
Gunnella, Vanessa; Lebastard, Laura; Lopez-Garcia, Paloma; … - 2021
The consensus back in 2008 – ten years after the introduction of the euro – was that the adoption of a common currency had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al., 2008). Since then, six more countries have...
Persistent link: https://www.econbiz.de/10013324209
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Economic structures 20 years into the euro
Consolo, Agostino; Gunnella, Vanessa; Koester, Gerrit; … - 2019
strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …
Persistent link: https://www.econbiz.de/10012020340
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Determinants of growth in the central and eastern European EU member states : a production function approach
Arratibel, Olga; Heinz, Frigyes Ferdinand; Martin, Reiner; … - 2007
Overall, the prospects for a continued and reasonably fast real convergence process between the EU8 countries and the … euro area are good. However, the continuation of the rapid progress made by many EU8 countries in the past cannot be taken … for granted. In fact, in order to ensure that fast economic growth in the EU8 countries remains sustainable, it is crucial …
Persistent link: https://www.econbiz.de/10011638923