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In this paper, we use a SVAR model in order to study the asymmetry of growth and inflation developments in the acceding … growth or inflation divergence, rather than the distinct way in which acceding countries react to euro area shocks. But … responsible for inflation asymmetry. Hence, a low asymmetry in terms of growth does not necessarily imply a low asymmetry in terms …
Persistent link: https://www.econbiz.de/10011506585
In this paper, we use a SVAR model in order to study the asymmetry of growth and inflation developments in the acceding … growth or inflation divergence, rather than the distinct way in which acceding countries react to euro area shocks. But … responsible for inflation asymmetry. Hence, a low asymmetry in terms of growth does not necessarily imply a low asymmetry in terms …
Persistent link: https://www.econbiz.de/10013137115
In this paper, we use a SVAR model in order to study the asymmetry of growth and inflation developments in the acceding … growth or inflation divergence, rather than the distinct way in which acceding countries react to euro area shocks. But … responsible for inflation asymmetry. Hence, a low asymmetry in terms of growth does not necessarily imply a low asymmetry in terms …
Persistent link: https://www.econbiz.de/10005060087
West African States (ECOWAS) members to form a Monetary Union (MU). Inflation and output models are estimated, with the …
Persistent link: https://www.econbiz.de/10012016723
Persistent link: https://www.econbiz.de/10002434029
We analyze business cycle convergence in the EU by focusing on the decoupling vs. convergence hypothesis for central, eastern and south eastern Europe (CESEE). In a nutshell, we fnd that business cycles in CESEE have decoupled considerably from the euro area (EA) during the financial crisis in...
Persistent link: https://www.econbiz.de/10013064345
We review the literature on business-cycle correlation between the euro area and Central and Eastern European countries (CEECs), a topic that has gained attention in recent years as new EU entrants prepare for participation in the monetary union. Our meta-analysis suggests several CEECs already...
Persistent link: https://www.econbiz.de/10014224103
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10013232406
and inflation. Notably, the economic slowdown between 2000 and 2002 increased heterogeneity of business cycles between the …
Persistent link: https://www.econbiz.de/10012963432
and inflation. Notably, the economic slowdown between 2000 and 2002 increased heterogeneity of business cycles between the …
Persistent link: https://www.econbiz.de/10014224096