Patterns of Convergence and Divergence in the Euro Area
39 Pages Posted: 25 Oct 2013 Last revised: 14 Jun 2023
Date Written: October 2013
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
Suggested Citation: Suggested Citation
Estrada, Ángel and Gali, Jordi and Lopez-Salido, David, Patterns of Convergence and Divergence in the Euro Area (October 2013). NBER Working Paper No. w19561, Available at SSRN: https://ssrn.com/abstract=2345056
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