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The consensus back in 2008 – ten years after the introduction of the euro – was that the adoption of a common currency had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al., 2008). Since then, six more countries have...
Persistent link: https://www.econbiz.de/10012650865
Overall, the prospects for a continued and reasonably fast real convergence process between the EU8 countries and the … euro area are good. However, the continuation of the rapid progress made by many EU8 countries in the past cannot be taken … for granted. In fact, in order to ensure that fast economic growth in the EU8 countries remains sustainable, it is crucial …
Persistent link: https://www.econbiz.de/10011638923
This paper studies the short-term and long-term consequences of the COVID-19 pandemic for productivity in Europe. Aggregate and sectoral evidence is complemented by firm-level data-based findings obtained from a large microdistributed exercise. Productivity trends during the COVID-19 pandemic...
Persistent link: https://www.econbiz.de/10014480010