Similar Search Results

The role of fiscal transfers for regional economic convergence in Europe

Checherita-Westphal, Cristina; Nickel, Christiane; … - 2009

-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers …, while achieving regional redistribution, seem to impede output growth and promote an “immiserising convergence”: output …

Persistent link: https://www.econbiz.de/10011605075

Inflation, factor substitution and growth

Klump, Rainer - 2003

Persistent link: https://www.econbiz.de/10011604326

Why do financial systems differ? History matters

Monnet, Cyril; Quintin, Erwan - 2005

We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different...

Persistent link: https://www.econbiz.de/10011604488

What drives productivity growth in the new EU member states? The case of Poland

Kolasa, Marcin - 2005

This paper considers productivity developments in the new EU member states and provides evidence on factors driving productivity growth in these countries, focusing on a panel of Polish manufacturing industries. Companies in Poland seem to benefit significantly from transfer of technologies that...

Persistent link: https://www.econbiz.de/10011604532

Transition economy convergence in a two-country model: implications for monetary integration

Bruha, Jan; Podpiera, Jirí - 2007

In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through investments into quality. Our...

Persistent link: https://www.econbiz.de/10011604786

Inquiries on dynamics of transition economy convergence in a two-country model

Bruha, Jan; Podpiera, Jirí - 2007

particular emphasis on the impact of productivity convergence and effects of timing of trade and financial liberalization on the … convergence patterns. We compare the mechanisms behind the three investment margins (horizontal investment to new varieties …

Persistent link: https://www.econbiz.de/10011604837

Convergence and anchoring of yield curves in the euro area

Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional …

Persistent link: https://www.econbiz.de/10011604863

Determinants of inflation and price level differentials across the euro area countries

Andersson, Malin; Masuch, Klaus; Schiffbauer, Marc - 2009

This paper analyses the determinants of inflation differentials and price levels across the euro area countries. Dynamic panel estimations for the period 1999-2006 show that inflation differentials are primarily determined by cyclical positions and inflation persistence. The persistence in...

Persistent link: https://www.econbiz.de/10011605175

Productivity in the euro area: any evidence of convergence?

Sondermann, David - 2012

productivity convergence among euro area countries. While no convergence can be found on the aggregate level, selected service … sectors and manufacturing sub-industries indicate evidence of convergence. In a search for factors influencing productivity … competitive environment, eventually facilitating economic convergence. …

Persistent link: https://www.econbiz.de/10011605476

GDP-Inflation cyclical similarities in the CEE countries and the euro area

Macchiarelli, Corrado - 2013

In this paper we look at business cycles similarities between CEE countries and the euro area. Particularly, we uncover GDP-inflation cycles by adopting a trend-cycle decomposition model which allows the trend to be either stochastic or deterministic i.e. of the non-linear type. Once cyclical...

Persistent link: https://www.econbiz.de/10011605597