Macroeconomic effects of the European Monetary Union: a counterfactual analysis
dc.contributor.author | Colonescu, Constantin | |
dc.date.accessioned | 2017-04-12 | |
dc.date.accessioned | 2022-05-28T00:36:44Z | |
dc.date.available | 2022-05-28T00:36:44Z | |
dc.date.issued | 2017 | |
dc.description | Presented on June 3-5, 2016 at the Canadian Economics Association Annual Conference held in Ottawa, Ontario, and on May 4-5, 2017 at the Alberta Mathematics Dialogue conference held in Edmonton, Alberta. | |
dc.description.abstract | This is an empirical study on the effects of adopting a common currency, the euro, on a country’s GDP, inflation rate, and public debt. It uses a synthetic counterfactual method, which predicts how the economy of a euro area member country would perform if, hypothetically, the country did not join the euro area. The results show that there is no generally positive or negative effect of using a common currency, but individual countries fare differently in different periods. A novelty in this paper is determining confidence intervals in the counterfactual method. Some examples concern Greece | |
dc.format.extent | 670.31 KB | |
dc.format.mimetype | ||
dc.identifier.citation | Colonescu, C. (2017). "Macroeconomic effects of the European Monetary Union: A counterfactual analysis." Athens Journal of Business and Economics, 3 (2), 171-186. Retrieved from https://www.athensjournals.gr/ajbe | |
dc.identifier.uri | https://hdl.handle.net/20.500.14078/754 | |
dc.language | English | |
dc.language.iso | en | |
dc.rights | Attribution-NonCommercial (CC BY-NC) | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc/4.0/ | |
dc.subject | Monetary Union | |
dc.subject | Euro | |
dc.subject | growth | |
dc.subject | Greece | |
dc.subject | counterfactual | |
dc.title | Macroeconomic effects of the European Monetary Union: a counterfactual analysis | |
dc.type | Article | |
dspace.entity.type |
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