Patterns of Convergence and Divergence in the Euro Area

This article studies the extent of macroeconomic convergence/divergence among euro area countries. The 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 noneuro developed economies and the pre-European Monetary Union period as control samples.

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Year of publication:	2013
Authors:	Estrada, Ángel ; Galí, Jordi ; López-Salido, David
Published in:	IMF Economic Review. - Palgrave Macmillan, ISSN 2041-4161. - Vol. 61.2013, 4, p. 601-630
Publisher:	Palgrave Macmillan

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010987081