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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
Persistent link: https://www.econbiz.de/10010271006
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
Persistent link: https://www.econbiz.de/10010272084
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 … increased since the introduction of the euro, dissimilarities in economic structure combined with high degrees of industrial …
Persistent link: https://www.econbiz.de/10011418796
Persistent link: https://www.econbiz.de/10010327999
There are many reasons to reform the Stability and Growth Pact, but that reform is no panacea. This is because the euro …
Persistent link: https://www.econbiz.de/10013468419
clear differences between Germany and the rest of the euro area. These asymmetric consumption functions may be responsible …
Persistent link: https://www.econbiz.de/10010369099
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