Euro area external imbalances and the burden of adjustment
Filippo di Mauro () and
No 1681, Working Paper Series from European Central Bank
The objective of this paper is to explore the consequences of the correction of Euro area trade imbalances on real exchange rates. This analysis requires one additional dimension with respect to the standard Global Imbalances framework JEL Classification: F32, F41
Keywords: firm heterogeneity; trade imbalances; transfer problem (search for similar items in EconPapers)
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Journal Article: Euro area external imbalances and the burden of adjustment (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20141681
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