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We investigate inflation convergence between the Euro Zone and its CEE partners using panel data methods that …
Persistent link: https://www.econbiz.de/10014064675
-price inflation during the years immediately following the completion of the EMU. Price convergence is found to be an important driver … throughout the entire euro period (1999-2005), but with no significant differences in speed compared to the pre euro period …. Productivity growth had its primary effect in the first years and effective exchange-rate changes in the later years of the euro …
Persistent link: https://www.econbiz.de/10014053359
convergence for the new EU Member States. We discuss two of the main channels through which real convergence could affect relative … prices with respect to the euro area: productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area. …
Persistent link: https://www.econbiz.de/10011604873
pool of unemployed without creating upward risks to inflation. -- Growth ; EU neighborhood policy ; Trade ; FDI ; Financial …Despite significant economic reforms in many Southern Mediterranean EU neighbour countries, their growth performance … from closer ties with the EU that result in higher levels of trade and FDI inflows, once the turbulence of the 'Arab Spring …
Persistent link: https://www.econbiz.de/10009528811
Despite significant economic reforms in many Southern Mediterranean EU neighbour countries, their growth performance … from closer ties with the EU that result in higher levels of trade and FDI inflows, once the turbulence of the ‘Arab Spring … inflation under control, which will depend in great part on their ability to maintain fiscal discipline and sustainable current …
Persistent link: https://www.econbiz.de/10013106480
By the Treaty of Accession to the EU, Romania opted for the euro adoption. According to the Maastricht Treaty, since … 2014 Romania has fulfilled the nominal convergence criteria, thus becoming apt to adopt the euro. But a careful analysis of … the reality and the lessons learnt from the Euro Area crisis show that the real convergence criterion is able to ensure …
Persistent link: https://www.econbiz.de/10011930801
The paper aims at analyzing the impact of the recent economic crisis on the real convergence with the Euro area for ten … Euro area average, while Poland and Slovakia improved their convergence. …
Persistent link: https://www.econbiz.de/10010283051
This research paper develops a comparative analysis between the new members states of the European Union (EU) – from … convergence with the Euro area, in the last decade. In addition, the paper emphasizes the changes in the economic convergence … report an important progress of the countries analyzed, as regards real and structural convergence with the Euro area …
Persistent link: https://www.econbiz.de/10009401360
Real convergence is an essential objective of Romania’s integration into the EU. Bridging the development gaps between … Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause …. Models are used to assess the economic growth, approximate the period of real convergence of Romania to the EU, as well as to …
Persistent link: https://www.econbiz.de/10005772641
Real convergence is an essential objective of Romania’s integration into the EU. Bridging the development gaps between … Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause …. Models are used to assess the economic growth, approximate the period of real convergence of Romania to the EU, as well as to …
Persistent link: https://www.econbiz.de/10005612206