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Persistent link: https://www.econbiz.de/10003496544
regional income data are available. We subsequently use our estimation results for an out-ofsample prediction of regional … approximately 71-80% of all countries face sigma-convergence. Finally, we study different major determinants of the level of ….e., the determinants of the convergence process. We find evidence for an N-shaped relationship between development and …
Persistent link: https://www.econbiz.de/10010515477
whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the … convergence of monetary policy transmission. …
Persistent link: https://www.econbiz.de/10011398432
In this paper we argue that in contrast to the conclusion of Artis and Zhang, there is not much evidence in support of the view that increased exchange rate stability is related to more synchronised business cycles in Europe. This finding may have important consequences, as existing differences...
Persistent link: https://www.econbiz.de/10009781543
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and 2019. We find our structural estimates are stable but substantially lower than the reduced-form estimates that tend to characterise the literature and that the responsiveness of...
Persistent link: https://www.econbiz.de/10015052585
We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we estimate to estimate a country-specific time-varying measure of fiscal sustainability using the fiscal reaction function. This function captures the response of the primary...
Persistent link: https://www.econbiz.de/10014444867
This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests … data. Third, when the null hypothesis of non convergence is rejected, a second test determines the number of converging … countries. Based on a sample of thirteen OECD countries our results show evidence of convergence in three out of six sectors …
Persistent link: https://www.econbiz.de/10009781595
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We … one-period lagged public debt-to-GDP ratio; and public debt-to-GDP ratio and one-period lagged primary government balance …
Persistent link: https://www.econbiz.de/10013162289
, current account balance and public debt, as a percentage of GDP, and the temporal period (before and after 2010) also …
Persistent link: https://www.econbiz.de/10012813893
In this paper we estimate disaggregated labour demand equations using panel data involving observations across time (1970 - 2007) for twenty-three industries across eleven euro area countries. By using the EU KLEMS database, which provides data across countries, we provide industry-by-industry...
Persistent link: https://www.econbiz.de/10010370168