Capella-Ramos, João; Checherita-Westphal, Cristina; … - 2020
in disposable incomes, although not to higher economic growth and real convergence. More positive evidence has been found … Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers – a …