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The aim of the article is to verify the convergence process of the Central and Eastern Europe (CEE) (CEE10) countries … economic integration and convergence as well as business environment and growth. The study methods applied in in the article …10 and EU15 countries were developing in accordance with the convergence hypothesis. The impact of economic integration …
Persistent link: https://www.econbiz.de/10012021613
is convergence of the cluster patterns over time. A number of different clusters appear and these change over time as the … labour productivity. The paper concludes that in the last decade the convergence of countries sharing the euro has been … divergences from pre-existing integration. Country convergence needs to be understood as a dynamic and multivariate concept. This …
Persistent link: https://www.econbiz.de/10011542637
impact of the euro on economic convergence. The DPS method ensures a forensic examination of the diverse variable patterns … that influence cluster memberships. As with previous research conclusions, there are multiple patterns of convergence and … nominal convergence. An example is the divergence of the experience of consumer inflation between 2016 and 2022. Nevertheless …
Persistent link: https://www.econbiz.de/10014463403
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their … by the optimum currency areas (OCA) framework. To some extent, the findings could signify if real convergence has been … conditions across the states have improved and converged after unification. In some convergence aspects, findings suggest …
Persistent link: https://www.econbiz.de/10011499412
convergence in the currency union. …
Persistent link: https://www.econbiz.de/10012801162
The 2005 reform of the EU Stability and Growth Pact has provided leeway for governments to let their fiscal deficit temporarily breach the 3% rule to finance the immediate budgetary cost of structural reform, such as compensation schemes to offset redistributive effects. Against this backdrop,...
Persistent link: https://www.econbiz.de/10012443961
periods of very fast growth. We interpret these results as a sign that price level convergence comes from goods, market and …
Persistent link: https://www.econbiz.de/10012444720
This paper examines the effects of fiscal policy on output in the euro area. For this purpose we develop a DSGE Fiscal Model with endogenous government bond yields to assess the impact of different fiscal policy shocks on output, its components and on government debt. The simulations suggest...
Persistent link: https://www.econbiz.de/10012446129
In most OECD countries, public spending rose steadily as a share of GDP over the past decades to the mid-1990s, but this trend has since abated. The spending pressures stemming from the continued expansion of social programmes have been partly compensated by transient or one-off factors....
Persistent link: https://www.econbiz.de/10005045600
The UK medium-term budgetary framework introduced in 1997 addressed a number of weaknesses of the former regime, notably a bias against capital expenditure and, more generally, poor conditions for longerterm planning adversely affecting central government spending departments, local authorities...
Persistent link: https://www.econbiz.de/10005045652