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The Analysis Of The Convergence Criteria. Empirical Perspective In The Context Of The Sustainable Character Highlight

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Author Info

  • Triandafil, Cristina Maria

    (Romanian Academy, National Institute of Economic Research)

Abstract

This study envisages analyzing the convergence criteria in the context of recent macroeconomic developments, focusing on their sustainability. In order to highlight the sustainability of convergence indicators, the paper includes an analysis of the initial dynamics, both in terms of nominal and real plan, highlighting the need for an integrated approach aiming to capture the junction between the two types of convergence processes. Subsequently, sustainability is revealed through the prism of critical aspects, and through the correlation between economic cycles in the European Union. Study findings and proposals tend to review the set of indicators related to the process of nominal convergence towards the integration of real dimension of this process in order to achieve a striking mix.

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Bibliographic Info

Paper provided by National Institute of Economic Research in its series Working Papers of National Institute of Economic Research with number 111205.

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Length: 45 pages
Date of creation: Dec 2011
Date of revision:
Handle: RePEc:ror:wpince:111205

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Keywords: nominal and real convergence; convergence criteria; sustainability of convergence; economic cycles;

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References

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Cited by:
  1. TRIANDAFIL, Cristina Maria, 2013. "Sustainability of convergence in the context of macro-prudential policies in the European Union," Working Papers of National Institute of Economic Research 130618, National Institute of Economic Research.
  2. Iulia Andreea Bucur & Simona Elena Dragomirescu, 2013. "An Analysis Of The Fiscal Convergence Criteria In The European Union In Terms Of The Sustainability," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 18.

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