The problem of relationship between output and money has become again a subject of special interests of economists after the most recent global financial crisis and monetary stabilization policies applied by central banks of almost all developed economies. In this context, the main aim of this...

The goal of this research is to present the concept of convergence club within the European Union members, starting from the hypothesis that an overall convergence cannot be identified because of the high output disparities between countries and between regions. For the analysis, the concept has...