Patterns of convergence and Divergence in the Euro Area

Galí, Jordi, Angel Estrada and ,
Authors registered in the RePEc Author Service: Jordi Galí and J. David Lopez-Salido

No 9685, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: 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.

Keywords: Competitiveness; Current account imbalances; Inflation differentials; Labor markets; Macroeconomic convergence; Relative prices (search for similar items in EconPapers)
JEL-codes: E24 F31 O47 (search for similar items in EconPapers)
Date: 2013-10
New Economics Papers: this item is included in nep-mac, nep-mon and nep-opm
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Citations: View citations in EconPapers (49)

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Related works:
Working Paper: Patterns of Convergence and Divergence in the Euro Area (2015)
Journal Article: Patterns of Convergence and Divergence in the Euro Area (2013)
Working Paper: Patterns of Convergence and Divergence in the Euro Area (2013)
Working Paper: Patterns of convergence and divergence in the euro area (2013)
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