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Persistent link: https://www.econbiz.de/10011714508
We scrutinize the role of capital flows for competitiveness in seven euro-area countries in the context of real convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets. Capital flows are assumed to be...
Persistent link: https://www.econbiz.de/10011350203
sieben Mitgliedsländern der Eurozone (Griechenland, Portugal, Estland, Lettland, Litauen, Slowenien und die Slowakei) im …, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A specific … Kontext realer Konvergenz und der Finanzkrise. Ein besonderer Fokus wird aber auf Griechenland gelegt. Wir erweitern für diese …
Persistent link: https://www.econbiz.de/10011373258
reaction of wages to unemployment in Greece under the program was increasingly similar to that observed in Germany and Portugal … erwiesen sich die Löhne in Griechenland als nahezu insensitiv gegenüber den Bedingungen am Arbeitsmarkt. Dies änderte sich … jedoch im weiteren Programmverlauf. Wir finden, dass die Reaktion der Löhne auf die Arbeitslosigkeit in Griechenland unter …
Persistent link: https://www.econbiz.de/10011657630
wages to unemployment in Greece was under the program similar to that observed in Germany and Portugal (a case, which has …
Persistent link: https://www.econbiz.de/10011691586
Persistent link: https://www.econbiz.de/10011965861
, Greece, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A …
Persistent link: https://www.econbiz.de/10011443937
Persistent link: https://www.econbiz.de/10012655262
In this paper a non-linear model is applied, where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction, which we call "play" area - analogous to mechanical play. We implement an algorithm describing path-dependent playhysteresis into a...
Persistent link: https://www.econbiz.de/10011443931
Persistent link: https://www.econbiz.de/10003945210