McAdam, Peter; Panagiotidis, Theodore; Mouratidis, Kostas; … - 2023
alternative scenarios suggested to restore the trade imbalances within the euro area. We employ a structural Bayesian Global VAR …The accumulated, persistent trade and economic imbalances between the south euro area (SEA) and the north euro area … (NEA) countries brought about severe strains for the euro following the global financial crisis. This paper assesses …