Real convergence in the euro area: evidence, theory and policy implications

Author (Corporate)
Series Title
Series Details No.5, 2015, p30-45
Publication Date 29/07/2015
ISSN 2363-3417
Content Type

Abstract:

While central and eastern European economies have been moving towards the EU average since 1999, the initial euro area countries have made little progress towards convergence over that period, due to weak institutions, structural rigidities, low productivity and other factors.

This article is part of the ECB's Economic Bulletin No.5 of 2015.

Source Link https://www.ecb.europa.eu/pub/pdf/other/eb201505_article01.en.pdf
Related Links
ECB: Publications: Economic Bulletin https://www.ecb.europa.eu/pub/economic-bulletin/html/index.en.html
EurActiv, 30.07.15: ECB 'disappointed' with lack of convergence in euro area http://www.euractiv.com/sections/euro-finance/ecb-disappointed-lack-convergence-euro-area-316696
Kathimerini, 29.07.15: ECB disappointed eurozone has not brought founding economies closer http://www.ekathimerini.com/200046/article/ekathimerini/business/ecb-disappointed-eurozone-has-not-brought-founding-economies-closer

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