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The paper argues that the Greek debt crisis, as well as those of other Southern European countries and Ireland, has to be seen in macroeconomic context. The sum of the public sector balance, the (domestic) private sector balance and the current account deficit (or equivalently: the capital...
Persistent link: https://www.econbiz.de/10010670267
the Eurozone. Specifically, the tightening of fiscal rules is not adequate, the reform does not constitute a step forward …
Persistent link: https://www.econbiz.de/10011130289
industrial firms, which have to survive in the environment of Eurozone and the market of 300 million consumers. Results show that …
Persistent link: https://www.econbiz.de/10010669668
whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and … Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample …
Persistent link: https://www.econbiz.de/10011398432
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price levels. Since the launch of European Monetary Union (EMU), a further significant macroeconomic aspect has been added …
Persistent link: https://www.econbiz.de/10010349152
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