 DIRECT AND BACK REACTIONS BETWEEN REAL AND NOMINAL ECONOMIC CONVERGENCEEmil Dinga
Journal of Financial and Monetary Economics, 2018, vol. 6, issue 1, 169-175 Abstract: The Maastricht criteria towards adhesion to euro area address the nominal economic convergence inside the European Union. However, the nominal economic convergence is sustainable only it is based on the real economic convergence. In this context, the paper approaches the relationships (structurally and functionally) between real economic convergence and nominal economic convergence from the perspective of mutual support. To this end, a cybernetic methodology is used, based on feed-direct, and on feed-back connections between the two types of economic convergence, in order to put into evidence the ways in which the two convergence processes lead, in fact, to a pair of economic convergence. As a result, the channels of communications inside the pair of economic convergence, as well as the magnitude and the speed of the two causal reactions are examined and evaluated. Keywords: real economic convergence; nominal economic convergence; feed-direct; feed-back (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:6:y:2018:i:1:p:169-175 Access Statistics for this article More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
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