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Does the dispersion of unit labor cost dynamics in the EMU imply long-run divergence? : results from a comparison with the United States of America and Germany

Dullien, Sebastian; Fritsche, Ulrich - 2007

Using unit labor cost (ULC) data from Euro area countries as well as US States and German Länder we investigate inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models. All in all we cannot reject convergence of ULC growth...

Persistent link: https://www.econbiz.de/10010426361

Unit labor cost growth differentials in the Euro area, Germany, and the US : lessons from PANIC and cluster analysis

Fritsche, Ulrich; Kuzin, Vladimir - 2007

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...

Persistent link: https://www.econbiz.de/10010426362

Investigating economic convergence into a divergent world : the case of the European Union

Mihuţ, Ioana-Sorina - In: International journal of economics and business research 12 (2016) 2, pp. 136-153

Persistent link: https://www.econbiz.de/10011630449

The impact of news and the SMP on realized (co)variances in the eurozone sovereign debt market

Beetsma, Roel; de Jong, Frank; Giuliodori, Massimo; … - 2014

We use realised variances and co-variances based on intraday data from Eurozone sovereign bond market to measure the … dependence structure of eurozone sovereign yields. Our analysis focuses on the impact of news, obtained from the Eurointelligence …

Persistent link: https://www.econbiz.de/10011605674

Measuring the Business Cycle Similarity and Convergence Trends in the CEECs Towards the Eurozone with Respect to some Unclear Methodological Aspects

Rozmahel, Petr - 2009

discussion on the process of joining the Eurozone by the Czech Republic and other candidate countries. The paper provides an …. Measures of business cycle similarity are ordinarily used to evaluate preparedness of candidate countries to join the Eurozone …. The results indicate continuing convergence of the business cycle similarity between the candidate and Eurozone member …

Persistent link: https://www.econbiz.de/10011435274

Paths to Eurobonds

Claessens, Stijn; Mody, Ashoka; Vallee, Shahin - 2012

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financialmarkets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal...

Persistent link: https://www.econbiz.de/10010317344