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In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional (NUTS-2) data. The Solow model extended by human capital is employed as a workhorse. Alternative strategies are proposed to control for spatial effects. All specifications...
Persistent link: https://www.econbiz.de/10003386580
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …
Persistent link: https://www.econbiz.de/10009427840
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …
Persistent link: https://www.econbiz.de/10003746686