Patterns of Convergence and Divergence in the Euro Area

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.

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Year of publication:	2013-10
Authors:	Estrada, Ángel ; Galí, Jordi ; López-Salido, David
Institutions:	Barcelona Graduate School of Economics (Barcelona GSE)
Subject:	macroeconomic convergence \| labor markets \| competitiveness \| inflation differentials \| current account imbalances \| relative prices

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 722
Classification:	E24 - Employment; Unemployment; Wages ; F31 - Foreign Exchange ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010851486