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TFP growth contin- uing to fall, Europe's demographics are now also contributing to a decline in the workforce. Against …Even before the financial crisis of 2007/08, there were significant questions about Europe's long-term growth prospects …. After a long period of catching up with US levels of labour productivity, euro area productivity growth had, from the mid …
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-term income and employment growth and supporting social fairness, also via better and more equal opportunities. It provides … growth and inclusiveness, while acknowledging that structural policy changes need to be country-specific to reflect national …
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This paper addresses two main questions: (a) Has European integration hindered the implementation of labour, financial and product market structural reforms? (b) Do the effects of these reforms vary more across sectors than across countries? Using more granular reform measures, longer time...
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We discuss past performance and future challenges for the countries of Central and Eastern Europe (CEE). We highlight the successful convergence process of those countries, not least thanks to their integration into European and global value chains. As the external environment changes, so...
Persistent link: https://www.econbiz.de/10014555560
When the principal decisions for the European Monetary Union (EMU) were made it was acknowledged that it would not be an optimal currency area (OCA). Potential trouble was assumed away as asymmetric shocks were expected to fade, while rising productivity enhanced the resilience of EMU member...
Persistent link: https://www.econbiz.de/10011992735