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This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021 …-driven persistent divergence in growth. Regression results provide further evidence of convergence in the euro area and the EU over the … growth, especially in euro area countries. …
Persistent link: https://www.econbiz.de/10014334683
Most technocrats argue that creating the euro was a way of forcing the pace of political integration, since monetary … of the euro. Political integration in Europe has its limits; the trick is to understand when less is more. …
Persistent link: https://www.econbiz.de/10011478115
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the bank has put its independence at risk. The bank's vow to do 'whatever it takes' to save the euro has added a second …
Persistent link: https://www.econbiz.de/10011477720
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With disparities in national unemployment rates reaching record levels, the debate on fiscal stabilisers in Europe has gained new momentum. Can a European unemployment insurance scheme help to absorb asymmetric shocks and bring about the desired level of macroeconomic stabilisation? What should...
Persistent link: https://www.econbiz.de/10010471476
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This paper analyses the adjustment mechanism in the euro area prior to the crisis. Results show that the real exchange …
Persistent link: https://www.econbiz.de/10011307030
The eurozone crisis has revealed certain shortcomings of the EMU, such as its vulnerability to asymmetric shocks and … its inability to act as predicted by the theory of optimum currency areas. Although the share of intra-EU trade has … increased since the introduction of the euro, dissimilarities in economic structure combined with high degrees of industrial …
Persistent link: https://www.econbiz.de/10011418796