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unemployment between a developed, economically integrated area (Eurozone) and a developing one (ASEAN), a decade before and after … the euro was introduced. The most interesting issue is whether macroeconomic policy coordination in the Eurozone has had … and productivity in the Eurozone. Imposing macroeconomic policy variables associated with MC on convergence and growth in …
Persistent link: https://www.econbiz.de/10009693477
This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011-2013. The main empirical finding is...
Persistent link: https://www.econbiz.de/10011778844
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012866042
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone’s specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012033212
We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging task due to dimensionality problems: a large set of potential determinants, limited data, and the prospect that some variables could be non-stationary. We assemble a set of 35...
Persistent link: https://www.econbiz.de/10012625874
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
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
pronounced in weaker parts of the Eurozone, with the resulting flight to quality further depressing rate levels, especially for … negative returns. For the Eurozone as a whole, just over 50 percent of sovereign debt is traded at negative yields. This …
Persistent link: https://www.econbiz.de/10011730060
During the past thirty years, euro area countries have undergone significant changes and experienced diverse shocks. We aim to investigate which variables have consistently supported growth in this tumultuous period. The paper unfolds in three parts. First, we assemble a set of 35 real,...
Persistent link: https://www.econbiz.de/10012834410
During the past thirty years, euro area countries have undergone significant changes and experienced diverse shocks. We aim to investigate which variables have consistently supported growth in this tumultuous period. The paper unfolds in three parts. First, we assemble a set of 35 real,...
Persistent link: https://www.econbiz.de/10012842780