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, underemployment is still an issue. Despite the recent rise in inflation, driven mostly by supply-side disruptions and energy prices …
Persistent link: https://www.econbiz.de/10012663107
This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated...
Persistent link: https://www.econbiz.de/10011325969
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Nominal, real and structural convergence within the EU is a strong topic for the central banks and the European Central Bank. Joining the Economic and Monetary Union is a challenge for both acceding and participating economies. The convergence has a strong economic and political implications for...
Persistent link: https://www.econbiz.de/10013212536
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...
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disparities among the 12 Western European member countries. In fact, incomes per capita between Southern and Northern Eurozone … members have diverged since the Eurozone was created, in contrast to earlier trends which had seen rapid convergence in living … Eastern European countries (Estonia, Latvia, Lithuania, Slovakia and Slovenia) which joined the Eurozone between 2007 and 2015 …
Persistent link: https://www.econbiz.de/10012257601