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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
Persistent link: https://www.econbiz.de/10013468488
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practice, Australia, Latvia and the newly-formed German states and contrasts them with the Greek experience under the Troika … Program. Latvia stands out as having had the quickest adjustment in wages. By contrast, before the crisis, Greek wages … (Australien, Lettland und die neuen deutschen Länder nach der Wiedervereinigung) und kontrastiert diese mit den griechischen …
Persistent link: https://www.econbiz.de/10011657630
practice, - Australia, Latvia and the German new states and contrasts them with the Greek experience under the Troika Programs …. Latvia stands out as having had the quickest adjustment in wages. By contrast, before the crisis, Greek wages appeared to …
Persistent link: https://www.econbiz.de/10011691586
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/10011388231
the ECB’s UMP on inflation expectations in the Euro area as inflation expectations play a key role for achieving the … inflation target of below, but close to 2%. Quantifying the impact of UMP is not straightforward, as standard empirical tools … indeed find that UMP leads to a rise in inflation expectations in the short run but that this effect appears to evaporate in …
Persistent link: https://www.econbiz.de/10012149519
Persistent link: https://www.econbiz.de/10012796955
, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A specific … sieben Mitgliedsländern der Eurozone (Griechenland, Portugal, Estland, Lettland, Litauen, Slowenien und die Slowakei) im …We scrutinize the role of capital flows in competitiveness in a set of seven euroarea member countries (Estonia, Greece …
Persistent link: https://www.econbiz.de/10011373258
, Greece, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A …We scrutinize the role of capital flows in competitiveness in a set of seven euro-area member countries (Estonia …
Persistent link: https://www.econbiz.de/10011443937