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Assessing the Losses in Euro Area Potential Productivity Due to the Financial Crisis
Chouard, Valérie - 2014
In this paper, we show that the recent financial crisis has significantly affected the potential total factor productivity (TFP) of the four largest euro area economies, as well as that of the rest of the euro area. We used a reduced-form equation of TFP, based on an approach recently developed...
Persistent link: https://www.econbiz.de/10013061476
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The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation
Gander, Sascha - 2019
perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction …' Marxian monetary theory of value will be presented. Heinrich identifies connections between production and realization … Marxian mon-etary theories of value. It is concluded that a Marxian monetary theory of value, with the characteristics of …
Persistent link: https://www.econbiz.de/10012063855
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The golden rule of public investment : a necessary and sufficient reform of the EU fiscal framework?
Truger, Achim - 2016
It is by now a widely shared insight that fiscal policy needs to be re-strengthened as a macroeconomic policy instrument within European macroeconomic policies: Recent experiences with austerity policies, new research regarding the size of the fiscal multiplier and the fact that monetary policy...
Persistent link: https://www.econbiz.de/10011477456
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Salvaging the EU : two-speed or dual-track reform?
Rosefielde, Steven - In: Contemporary economics 13 (2019) 2, pp. 137-146
In the most recent decade, the European Union has shown itself to be less robust than globalists imagined. Globalists believed that supranationality was weatherproof – that it would always outperform national alternatives and would survive adversity. Economic stagnation and Brexit belied these...
Persistent link: https://www.econbiz.de/10012176397
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Still focused on public deficits
Semieniuk, Gregor - 2012
Using the financial balances accounting identity, we analyze whether there is evidence in recent national accounting data and the projections of the Stability Programmes (SP), that the focus on fiscal deficits to the exclusion of other economic variables risks further deterioration of the euro...
Persistent link: https://www.econbiz.de/10009672514
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Why is Productivity Growth in the Euro Area so Sluggish?
Estevão, Marcello M. - 2006
Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the large productivity gains in the United States during the same period. This paper shows that the deceleration in labor productivity in the euro area was caused by structural...
Persistent link: https://www.econbiz.de/10012783087
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Why is Europe Lagging Behind?
Pyyhtiä, Ilmo - 2007
This paper builds on the literature on growth in searching for explanations for the divergent growth performance between the EU countries and the United States. We emphasise the role of R&D investment and perhaps different degrees of elasticity of substitution between capital and labour. We...
Persistent link: https://www.econbiz.de/10014224620
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Why is Productivity Growth in the Euro Area so Sluggish?
Estevão, Marcello M. - 2004
Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the large productivity gains in the United States during the same period. This paper shows that the deceleration in labor productivity in the euro area was caused by structural...
Persistent link: https://www.econbiz.de/10014068754
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Euro Area Business Confidence and COVID-19
Ambrocio, Gene - 2021
I study the effects of the Covid-19 pandemic on business confidence in 11 Euro area countries and its consequent impact … on economic activity. To obtain causal effects, I instrument business confidence with domestic household confidence as … well as average household confidence in neighboring countries. I find evidence suggesting that the confidence and …
Persistent link: https://www.econbiz.de/10013239931
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Euro area business confidence and Covid-19
Ambrocio, Gene - 2021
I study the effects of the Covid-19 pandemic on business confidence in 11 Euro area countries and its consequent impact … on economic activity. To obtain causal effects, I instrument business confidence with domestic household confidence as … well as average household confidence in neighboring countries. I find evidence suggesting that the confidence and …
Persistent link: https://www.econbiz.de/10012485432