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Convergence in GDP per Capita in the Euro Area and the EU at the Time of COVID-19
Licchetta, Mirko; Mattozzi, Giovanni - In: Intereconomics 58 (2023) 1, pp. 43-51
This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...
Persistent link: https://www.econbiz.de/10014334683
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Industrial relations in Central and Eastern Europe: Organisational characteristics, co-determination and labour disputes
Funk, Lothar; Lesch, Hagen - In: Intereconomics 39 (2004) 5, pp. 264-270
Persistent link: https://www.econbiz.de/10010271715
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The adjustment mechanism in the euro area
Biroli, Pietro; Mourre, Gilles; Turrini, Alessandro - In: Intereconomics 48 (2013) 3, pp. 159-166
This paper analyses the adjustment mechanism in the euro area prior to the crisis. Results show that the real exchange rate adjusted to redress cyclical divergences and that after monetary unification, real exchange rate dynamics became less reactive to country-specific shocks but also less...
Persistent link: https://www.econbiz.de/10011307030
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The optimum currency area theory and the EMU: An assessment in the context of the eurozone crisis
Jager, Jennifer; Hafner, Kurt A. - In: Intereconomics 48 (2013) 5, pp. 315-322
The eurozone crisis has revealed certain shortcomings of the EMU, such as its vulnerability to asymmetric shocks and … specialisation have increased the EMU's vulnerability to asymmetric shocks. Moreover, the lack of labour mobility or a transfer … payment system limits the EMU's crisis adjustment capabilities. However, most of the implemented and proposed stabilisation …
Persistent link: https://www.econbiz.de/10011418796
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Europe under Merkel's third term
Pelkmans, Jacques - In: Intereconomics 48 (2013) 5, pp. 266-267
Persistent link: https://www.econbiz.de/10010327999
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The Euro Area Periphery Debt Conundrum
Brooks, Robin; Pingle, Jonathan - In: Intereconomics 57 (2022) 5, pp. 283-287
There are many reasons to reform the Stability and Growth Pact, but that reform is no panacea. This is because the euro area periphery has increasingly entered a debt conundrum.
Persistent link: https://www.econbiz.de/10013468419
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Private consumption and cyclical asymmetries in the euro area
Clausen, Volker; Schürenberg-Frosch, Hannah - In: Intereconomics 47 (2012) 3, pp. 190-196
Experience after the establishment of EMU shows that the behaviour of private consumers differs considerably among …
Persistent link: https://www.econbiz.de/10010369099
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A modest proposal for resolving the eurozone crisis
Varoufakis, Yanis; Holland, Stuart - In: Intereconomics 47 (2012) 4, pp. 240-247
This paper presents three simple policies for overcoming the crisis that can be implemented immediately and require none of the moves such as national guarantees or fiscal transfers to which many Europeans are opposed, nor moves towards federation that entail Treaty changes, which electorates...
Persistent link: https://www.econbiz.de/10010471462
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Crisis-induced fiscal restructuring in Europe
Alcidi, Cinzia; Gros, Daniel; Giovannini, Alessandro; … - In: Intereconomics 49 (2014) 6, pp. 300-322
eurozone has grown quite polarised. In this Forum, several experts use analytical, evidence-based approaches to gauge the …
Persistent link: https://www.econbiz.de/10010471483
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The eurozone crisis and citizens' shattered systemic trust
Roth, Felix - In: Intereconomics 47 (2012) 3, pp. 138-139
Persistent link: https://www.econbiz.de/10010290835