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Portugal and the competitive disinflation: let the data speak

  • Corrado Andini

    ()

    (University of Madeira, CEEAplA & IZA)

This paper provides an empirical evaluation of the three main arguments proposed by Blanchard (2007) in a recent article on the evolution of the Portuguese economy during the last decade, with special regard to the dynamics of international trade and unemployment. Our time-series evidence supports two out of the three arguments.

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File URL: http://www.accessecon.com/pubs/EB/2008/Volume6/EB-08F40022A.pdf
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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 6 (2008)
Issue (Month): 25 ()
Pages: 1-11

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Handle: RePEc:ebl:ecbull:eb-08f40022
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  1. Pesaran, M. H. & Shin, Y., 1997. "Generalised Impulse Response Analysis in Linear Multivariate Models," Cambridge Working Papers in Economics 9710, Faculty of Economics, University of Cambridge.
  2. Olivier Blanchard, 2007. "Adjustment within the euro. The difficult case of Portugal," Portuguese Economic Journal, Springer, vol. 6(1), pages 1-21, April.
  3. Aurora Teixeira & Natércia Fortuna, 2003. "Human Capital, Innovation Capability and Economic Growth," FEP Working Papers 131, Universidade do Porto, Faculdade de Economia do Porto.
  4. Olivier Blanchard & Francesco Giavazzi, 2002. "Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 147-210.
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