Euro area macroeconomic imbalances and their asymmetric reversal: the link between financial integration and income inequality
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DOI: 10.1007/s40888-017-0054-6
Abstract: This paper explores the impact of the Economic and Monetary Union (EMU) and the ensuing financial integration on Euro Area (EA) macroeconomic imbalances. It is found that EMU caused an exceptional deterioration of current account… read more here.
Keywords: area macroeconomic; euro area; macroeconomic imbalances; financial integration ... See more keywords
Macroeconomic imbalances in Europe: How to overcome the fallacy of unit labour costs
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Policy Modeling"
DOI: 10.1016/j.jpolmod.2020.04.004
Abstract: Abstract Policy recommendations based on unit labour costs (ULC) indices can lead to undesirable and counterproductive policies, because they do not reveal possible distortions in the base year. In this paper, we discuss the problems… read more here.
Keywords: unit labour; labour costs; imbalances europe; macroeconomic imbalances ... See more keywords