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The Political and Technical Aspects of Controlling Inflation

Gros, Daniel - In: Intereconomics 58 (2023) 3, pp. 133-135

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...

Persistent link: https://www.econbiz.de/10014334696

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

Convergence and anchoring of yield curves in the euro area

Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU) has led to substantial convergence in euro area sovereign...

Persistent link: https://www.econbiz.de/10011604863

The Limiting Distribution of Production in Integrated Economies: Evidence from US States and EU Countries

Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2005

Countries and a World comprising 55 countries). Our findings indicate that the equal-share relationship holds strongly for US … states, holds weakly for EU countries, but does not hold for Developing Countries or the World. …

Persistent link: https://www.econbiz.de/10010325430

Basic Research, Openness, and Convergence

Gersbach, Hans; Schneider, Maik T.; Schneller, Olivier - 2010

We study a model where economic growth is fueled by public basic-research investment and the importation of leading technology from foreign countries. In each period, the government chooses the amount of basic research, balancing the cost and benefits of stimulating growth through both channels....

Persistent link: https://www.econbiz.de/10011753203

Money, Regulation and Growth: Financing New Growth in Europe

Bruni, Franco; Ganchev, Gancho; Tsenkov, Vladimir; … - 2014

On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference “Money, Regulation and Growth: Financing New Growth in Europe” at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan...

Persistent link: https://www.econbiz.de/10011689965

Monetary policy, inflation and economic growth in Pakistan: Exploring the co-integration and causality relationships

Chaudhry, Imran Sharif; Qamber, Yasmeen; Farooq, Fatima - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 2, pp. 332-347

This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the relationships of monetary policy and inflation are...

Persistent link: https://www.econbiz.de/10011938320

Monetary policy in transition: Essays on monetary policy transmission mechanism in China

Koivu, Tuuli - 2012

emerged as the second biggest economy in the world. In this study, we seek to illuminate the role of the monetary policy in …

Persistent link: https://www.econbiz.de/10012148910

The Economic Effects of Croatia's Accession to the EU

Lejour, Arjan Marcel; Mervar, Andrea; Verweij, Gerard - 2008

We explore the economic implications of the possible accession of Croatia to the European Union. We focus on two main … changes associated with the EU-membership: accession to the internal European Market and institutional reforms in Croatia … triggered by the EU-membership. consumption per capita in Croatia is estimated to rise by about 2.5% as a result of accession to …

Persistent link: https://www.econbiz.de/10010295263

Real convergence and the determinants of growth in EU candidate and potential candidate countries - a panel data approach

Borys, Magdalena Morgese; Polgár, Éva Katalin; Zlate, … - 2008

integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the …

Persistent link: https://www.econbiz.de/10011606238

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