Showing 1 - 10 of 17
This paper tests the opportunity-cost theory on the long-run effects of business cycles using a panel of Spanish firms during the period 1991--2010. Under this theory, the <italic>share</italic> of productivity-enhancing activities (PEAs), such as R&D investment or on-the-job training, relative to production...
Persistent link: https://www.econbiz.de/10010970850
Persistent link: https://www.econbiz.de/10012627786
This article studies the extent of macroeconomic convergence/divergence among euro area countries. The 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...
Persistent link: https://www.econbiz.de/10010987081
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...
Persistent link: https://www.econbiz.de/10010969299
‘The Great Recession’ was preceded by a prolonged period of high growth accompanied by low and stable inflation, the so called ‘The Great Moderation’. In Spain, a similar pattern was observed: in fact, potential growth estimates were trending upwards, implying that output gaps remained...
Persistent link: https://www.econbiz.de/10010994606
Persistent link: https://www.econbiz.de/10010205323
Persistent link: https://www.econbiz.de/10010206793
Persistent link: https://www.econbiz.de/10012395617
Persistent link: https://www.econbiz.de/10012159766
Persistent link: https://www.econbiz.de/10012599873