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Austerity, growth and inflation: Remarks on the Eurozone's unresolved competitiveness problem

Sinn, Hans-Werner - 2013

While the financial protection measures enacted by the ECB and the community of Eurozone members have calmed financial … markets, they have left the competitiveness problem of the Eurozone's southern countries and France unresolved. The paper … compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of …

Persistent link: https://www.econbiz.de/10010291507

Disinflation and economic integration in emerging European economies

Novák, Zsuzsanna - In: International journal of diplomacy and economy 2 (2014) 1/2, pp. 84-101

Persistent link: https://www.econbiz.de/10010395313

Fiscal sustainability and policy interactions

Bianchi, Francesco; Callegari, Giovanni; Hitaj, Ermal; … - 2024

inflationary pressure. In this case, default and inflation risks can reinforce each other. …

Persistent link: https://www.econbiz.de/10015149612

An assessment of the euro area fiscal stance since the pandemic

Cepparulo, Alessandra; McDonnell, Clíona; Reitano, … - 2024

Persistent link: https://www.econbiz.de/10014631445

Varieties of ideology : reassessing Europe's open society and its enemies in the Euro Area

Collignon, Stefan; Orsitto, Davide - 2024

The coherence of ideological narratives in the Euro Area is a necessary condition for the sustainability of the monetary union. Narratives shape political preferences and if they diverge persistently, cooperation between member states becomes impossible. We measure the evolution of ideological...

Persistent link: https://www.econbiz.de/10015069994

Adjustment in EMU : is convergence assured?

Dullien, Sebastian; Fritsche, Ulrich; Größl, Ingrid; … - 2009

Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...

Persistent link: https://www.econbiz.de/10010425867

Unit labor cost growth differentials in the Euro area, Germany, and the US : lessons from PANIC and cluster analysis

Fritsche, Ulrich; Kuzin, Vladimir - 2007

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …

Persistent link: https://www.econbiz.de/10010426362

How bad is divergence in the Euro-zone? : lessons from the United States of America and Germany

Dullien, Sebastian; Fritsche, Ulrich - 2006 - This version: October 06

This paper compares relative unit labour cost developments in the countries of the euro-area since the beginning of the European Monetary Union (EMU) both with historical developments and with intra-regional unit labour cost developments in the United States of America and Germany. To this end,...

Persistent link: https://www.econbiz.de/10010426369

Adjustment in EMU: is convergence assured?

Dullien, Sebastian; Fritsche, Ulrich; Größl, Ingrid; … - 2009

Persistent link: https://www.econbiz.de/10003915319

Beyond Balassa and Samuelson : real convergence, capital flows, and competitiveness in Greece

Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015

We scrutinize the role of capital flows in competitiveness in a set of seven euro-area member countries (Estonia, Greece, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A specific focus is on Greece. The paper extends the seminal...

Persistent link: https://www.econbiz.de/10011443937