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Euro area external imbalances and the burden of adjustment

Filippo di Mauro () and Francesco Pappadà

No 1681, Working Paper Series from European Central Bank

Abstract: 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)
Date: 2014-05
New Economics Papers: this item is included in nep-eec and nep-opm
Note: 437559
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Journal Article: Euro area external imbalances and the burden of adjustment (2014) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20141681

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