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External imbalances in the EU: A REER-based explanation
Kutasi, Gábor - In: Intereconomics 50 (2015) 5, pp. 301-308
The debt crisis of the eurozone revealed a structural problem of the single market rooted in the external imbalance … problem of indebted member states. The assumption of this paper is that the current account imbalances within the eurozone are … based on an intra-eurozone competitiveness disparity originated in the single currency and the heterogeneity of member state …
Persistent link: https://www.econbiz.de/10011773257
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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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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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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
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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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The Impact of the Green and Digital Transition on Regional Cohesion in Europe
Maucorps, Ambre; Römisch, Roman; Schwab, Thomas; … - In: Intereconomics 58 (2023) 2, pp. 102-110
Closing the prosperity gap between regions has always been a key political aspiration of the European Union - and cohesion policy is the primary means to achieve that goal. Europe is currently undergoing a digital and green transition that is drastically changing the way its economy works. How...
Persistent link: https://www.econbiz.de/10014334691
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Stabilization and real adjustment in emerging market economies: Lessons from macroeconomic reforms in the Southern Cone
Schweickert, Rainer - In: Intereconomics 29 (1994) 5, pp. 244-252
Based on theory and on evidence from the Southern Cone the following paper concludes for emerging market economies (1) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed exchange rate but has to be established by internal...
Persistent link: https://www.econbiz.de/10010314176
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The new EU countries and euro adoption
Gabrisch, Hubert; Kämpfe, Martina - In: Intereconomics 48 (2013) 3, pp. 180-186
In the new member states of the EU which have not yet adopted the euro, previous adoption strategies have come under scrutiny. The spillovers and contagion from the global financial crisis revealed a new threat to the countries' real convergence goal, namely considerable vulnerability to the...
Persistent link: https://www.econbiz.de/10011307034