Patterns of Convergence and Divergence in the Euro Area

Angel Estrada, Jordi Galí and David Lopez-Salido

No 19561, NBER Working Papers from National Bureau of Economic Research, Inc

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

JEL-codes: E24 F31 O47 (search for similar items in EconPapers)
Date: 2013-10
New Economics Papers: this item is included in nep-eec, nep-mac, nep-mon and nep-opm
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Published as IMF Economic Review (2013) 61, 601–630. doi:10.1057/imfer.2013.22 Patterns of Convergence and Divergence in the Euro Area Ángel Estrada*, Jordi Galí* and David López-Salido*

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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)
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