financial (or output) gaps within EU countries. We apply panel techniques, including a Bayesian panel VAR, to 27 EU members over … leads to a temporary increase in the Real Effective Exchange Rate misalignments, lowering competitiveness and thus …

stipulates a range of quantitative targets meant to strengthen cost competitiveness with the aim of preventing the accumulation …. The results also suggest that the measures in the Euro Plus Pact to restrain the growth of unit labour costs may not …

This paper uses a panel VAR (PVAR) approach to estimating, analysing, and forecasting price dynamics in four different …

economies do not have an independent effect on growth. This result holds not only for industrial economies in general but also …

What determines a country's ability to compete in international markets? What fosters the global competitiveness of its … domestic firms' competitiveness in local and global markets? We address these questions by calibrating and simulating a …, we are able to construct an index of 'revealed competitiveness', which would drive the relative performance of countries …