Holinski, Nils; Kool, Clemens; Muysken, Joan - In: Review (2012) Jan, pp. 1-20
euro area countries from 1992 to 2007. The imbalance occurred without a concomitant rise in productivity and growth in the … coordinated policies to prevent the emergence of unsustainably large imbalances in the euro area is advisable because (i) country …In this paper, the authors document a growing divergence between current account imbalances in northern and southern …