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-19 outbreak for GDP growth and inflation of the Eurozone countries. We find that business cycles had been diverging since …
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Eurozone countries. Despite extensive research, scientists have not yet found a clear answer as to whether economic growth and … indicators on GDP growth in 19 countries of the Eurozone for years 2000-2016. Based on the results, we cannot yet state … explicitly that economic growth in the Eurozone countries has been decoupled from climate change mitigation; however, green …
Persistent link: https://www.econbiz.de/10012264509
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and 2019. We find our structural estimates are stable but substantially lower than the reduced-form estimates that tend to characterise the literature and that the responsiveness of...
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This study aims to assess the extent to which the economic integration process of the EU and the Eurozone, expressed by … capita is strongly correlated with that of household income and consumption, both for the EU and the Eurozone level. This …
Persistent link: https://www.econbiz.de/10012491690
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10011755500
The European Central Bank is planning a gradual reduction of government bond purchases under the asset purchase program it initiated in 2015. The present study by the German Institute for Economic Research analyzes the potential macroeconomic implications of different exit strategies. The...
Persistent link: https://www.econbiz.de/10011750746