Patterns of convergence and divergence in the euro area

Angel Estrada, Jordi Galí and David Lopez-Salido

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

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: macroeconomic convergence; labor markets; competitiveness; inflation differentials; current account imbalances; relative prices. (search for similar items in EconPapers)
JEL-codes: E24 F31 O47 (search for similar items in EconPapers)
Date: 2013-10
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Citations: View citations in EconPapers (65)

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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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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:1386

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