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Catching-up, inflation differentials and credit booms in a heterogeneous monetary union : some implications for EMU and new EU member states

MacDonald, Ronald (contributor); Wójcik, Cezary (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364558

Real convergence, capital flows, and competitiveness in Central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

Persistent link: https://www.econbiz.de/10003897541

Real convergence, capital flows, and competitiveness in Central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2010

Persistent link: https://www.econbiz.de/10008907306

A global compass for the great divergence : emissions vs. production centers of gravity 1820-2008

Sauter, Caspar; Grether, Jean-Marie; Mathys, Nicole Andréa - 2019

We construct the world's centers of gravity for human population, GDP and CO2 emissions by taking the best out of five recognized data sources covering the last two centuries. On the basis of a novel distorsion-free representation of these centers of gravity, we find a radical Western shift of...

Persistent link: https://www.econbiz.de/10011987041

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2000

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10009781545

Does the Euro-zone diverge? : a stress indicator for analyzing trends and cycles in real GDP and inflation

Flaig, Gebhard (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003496544

Austerity, growth and inflation : remarks on the Eurozone's unresolved competitiveness problem

Sinn, Hans-Werner - 2013

While the financial protection measures enacted by the ECB and the community of Eurozone members have calmed financial … markets, they have left the competitiveness problem of the Eurozone's southern countries and France unresolved. The paper … compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of …

Persistent link: https://www.econbiz.de/10009691625

Regional inequality, convergence, and its determinants : a view from outer space

Lessmann, Christian; Seidel, André - 2015 - This version: 16.04.2015

This paper provides a new data set of regional income inequalities within countries based on satellite nighttime light data. We first empirically study the relationship between luminosity data and regional incomes for those countries where regional income data are available. We subsequently use...

Persistent link: https://www.econbiz.de/10010515477

A pair-wise approach to testing for output and growth convergence

Pesaran, M. Hashem (contributor) - 2004

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also proposed, which suggests that all such output gap pairs must be...

Persistent link: https://www.econbiz.de/10002520210

Drifting together or falling apart? : The empirics of regional economic growth in post-unification Germany

Colavecchio, Roberta (contributor); … - 2005

The objective of this paper is to address the question of convergence across German districts in the first decade after German unification by drawing out and emphasising some stylised facts of regional per capita income dynamics. We achieve this by employing non-parametric techniques which focus...

Persistent link: https://www.econbiz.de/10003120688

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