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Beyond Balassa and Samuelson : real convergence, capital flows, and competitiveness in Greece

Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015

We scrutinize the role of capital flows in competitiveness in a set of seven euro-area member countries (Estonia, Greece, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A specific focus is on Greece. The paper extends the seminal...

Persistent link: https://www.econbiz.de/10011443937

Wage, price and unemployment dynamics in the Spanish transition to EMU membership

Jusélius, Katarina (contributor); … - 2008

This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in Spain during the last two decades. The aim of this paper is to shed light on the impact of the European economic integration process on Spanish labour market and the convergence...

Persistent link: https://www.econbiz.de/10003694166

Catching-up and inflation in Europe : Balassa-Samuelson, Engel's law and other culprits

Égert, Balázs - In: Economic systems 35 (2011) 2, pp. 208-229

Persistent link: https://www.econbiz.de/10009267155

Catching-up and inflation differentials in a heterogeneous monetary union : some implications for the euro area and new EU member states

MacDonald, Ronald; Wójcik, Cezary - In: Economic systems 32 (2008) 1, pp. 4-16

Persistent link: https://www.econbiz.de/10003723671

EMU enlargement, inflation and adjustment of tradable goods prices : what to eypect

Maier, Philipp - 2004

Persistent link: https://www.econbiz.de/10002848194

Catching-up, inflation differentials and credit booms in a heterogeneous monetary union : some implications for EMU and new EU member states

MacDonald, Ronald (contributor); Wójcik, Cezary (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364558

Catching-up, inflation differentials and credit booms in a heterogeneous monetary union : some implications for EMU and new EU member states

MacDonald, Ronald; Wójcik, Cezary - 2006

In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate … catching-up and inflation differentials and offer an interpretation of the nature of this interaction. Our discussion is in … inflation rates between Member States do not necessarily have to be an equilibrium phenomenon, even if the original shock comes …

Persistent link: https://www.econbiz.de/10003366053

Real and monetary convergence within the European Union and between the European Union and candidate countries : a rolling cointegration approach

Brada, Josef C. (contributor); Kutan, Ali M. (contributor); … - 2002

Persistent link: https://www.econbiz.de/10001682271

Real Convergence and Inflation : Quantification and Implications for Integration with the Euro Area

Podkaminer, Leon - 2008

there is no shorter-term trade-off between fast real convergence and low inflation. Such a tradeoff characterises the … dynamic process moving the economy along the regression line. But the actual dynamics may run off that line. High inflation is …

Persistent link: https://www.econbiz.de/10012723295

Catching-Up and Inflation Differentials in a Heterogeneous Monetary Union : Some Implications for the Euro Area and New EU Member States

MacDonald, Ronald - 2008

We propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a … inflation differentials and offer an interpretation of the nature of this interaction. We demonstrate that divergent inflation … the supply-side of the economy. Second, we show how such divergence of individual country's inflation rates may arise when …

Persistent link: https://www.econbiz.de/10012772401