Nominal and Real Convergence

Carmela Martín
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Carmela Martín: Jean Monnet Professor of European Integration, Universidad Complutense de Madrid

Chapter 7 in The Spanish Economy in the New Europe, 2000, pp 131-145 from Palgrave Macmillan

Abstract: Abstract To round off the comparative study of Spain’s main economic variables vis-à-vis those of the other EU countries, in this final chapter of Part I we shall examine whether economic convergence in the European Union has actually advanced since Spain joined the Community. Specifically, Section 7.2 discusses the meaning of the concept ‘economic convergence’ and the most common methods of measuring it. Section 7.3 then explores the process of nominal convergence in Spain in relation to that of its European partners, taking several of the criteria established in the Treaty on European Union, or Maastricht Treaty, as its starting point: price stability and the position of public finances (balance and debt).

Keywords: Composite Indicator; Monetary Union; Price Stability; Government Debt; Maastricht Treaty (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59710-5_8

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DOI: 10.1057/9780230597105_8

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