Patterns of convergence and divergence in the euro area


Autoria(s): Estrada, Ángel; Galí, Jordi; López-Salido, David
Contribuinte(s)

Universitat Pompeu Fabra. Departament d'Economia i Empresa

Data(s)

05/10/2013

Resumo

We study the extent of macroeconomic convergence/divergence among euro area countries. Our analysis focuses on four variables (unemployment, inflation, relative prices and the current account), and seeks to uncover the role played by monetary union as a convergence factor by using non-euro developed economies and the pre-EMU period as control samples.

Identificador

http://hdl.handle.net/10230/21147

Idioma(s)

eng

Direitos

L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons

info:eu-repo/semantics/openAccess

<a href="http://creativecommons.org/licenses/by-nc-nd/3.0/es/">http://creativecommons.org/licenses/by-nc-nd/3.0/es/</a>

Palavras-Chave #Macroeconomics and International Economics #macroeconomic convergence #labor markets #competitiveness #inflation differentials #current account imbalances #relative prices.
Tipo

info:eu-repo/semantics/workingPaper