Patterns of Convergence and Divergence in the Euro Area
We study the extent of macroeconomic convergence/divergence among euro area countries. Our analysis focuses on four variables (unemployment, inflation, relative prices and the current account), and seeks to uncover the role played by monetary union as a convergence factor by using non-euro developed economies and the pre-EMU period as control samples
|Date of creation:||Oct 2013|
|Publication status:||published as IMF Economic Review (2013) 61, 601–630. doi:10.1057/imfer.2013.22 Patterns of Convergence and Divergence in the Euro Area Ángel Estrada*, Jordi Galí* and David López-Salido*|
|Note:||EFG IFM ME|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2010. "What lies beneath the euro's effect on financial integration? Currency risk, legal harmonization, or trade?," Working Paper Series 1216, European Central Bank.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José Luis, 2009. "What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade?," CEPR Discussion Papers 7314, C.E.P.R. Discussion Papers.
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