there is no shorter-term trade-off between fast real convergence and low inflation. Such a tradeoff characterises the … dynamic process moving the economy along the regression line. But the actual dynamics may run off that line. High inflation is …

By the Treaty of Accession to the EU, Romania opted for the euro adoption. According to the Maastricht Treaty, since … 2014 Romania has fulfilled the nominal convergence criteria, thus becoming apt to adopt the euro. But a careful analysis of … the reality and the lessons learnt from the Euro Area crisis show that the real convergence criterion is able to ensure …

In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with …-convergence trap" long before the euro years. We also provide stylised facts on: (i) the central role of total factor productivity in … driving real convergence in the euro area over time, alongside other factors; and (ii) the crucial interaction of real …

by a drop in inflation volatility. -- euro ; invoicing currency ; exchange rate risk ; inflation ; inflation risk …We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the …

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

trade, production and financial market linkages - has engendered several macroeconomic implications for the euro area. This … paper focuses on assessing the key impacts on the euro area macroeconomy through an analysis of prospective channels … openness of the euro area in terms of both trade and capital flows as well as the global reduction in transportation and …

After the Global Financial Crisis, productivity growth in many euro area countries fell behind non-euro EU and other … developed countries. While various explanations have been put forward, little has been said on the role of the euro in slowing … synthetic control method (SCM) to the productivity impact of the euro, have violated the similarity requirement of the donor …

inflation that can be attributed solely to the rounding of prices to figures that are "attractive" in euro. The empirical …The purpose of this paper is to estimate the specific impact of the introduction of the euro on Italian consumer … inflation in 2002 lies between 0.1 and 0.5 percentage points. The changeover apparently worked its effect mainly through …

The effect of the euro exchange rate on inflation has taken on significant importance recently, with the application of …-up in expected euro area inflation. However, the subsequent depreciation, since February 2018, might reflect factors related … the ECB's expansionary monetary policy measures having coincided with episodes of euro appreciation, such as that observed …