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        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances
        Growth and Competitiveness as Factors of Eurozone External Imbalances

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        Growth and Competitiveness as Factors of Eurozone External Imbalances

        ABSTRACT

        The paper assesses the contribution of key factors associated with external imbalances in the Eurozone through the estimation of a panel-data vector autoregressive model over 1975–2011. Growth fluctuations, initially associated with demand booms triggered by unusually low interest rates and later with demand contractions resulting from the crisis and policy adjustments, have been key drivers of current account fluctuations. Changes in competitiveness, measured by real exchange rates or unit labor costs, have played a less important role.

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        • TypeReport, Research Paper
        • PriceFree
        • FormatPDF
        • Size617 KB
        • LanguageEnglish
        • Stacks0
        • Postedabout 4 years ago
        • Authored-
        • Added byHashdoc Content Review
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