Macroeconomic effects of the European Monetary Union: a counterfactual analysis

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dc.contributor.authorColonescu, Constantin
dc.date.accessioned2017-04-12
dc.date.accessioned2022-05-28T00:36:44Z
dc.date.available2022-05-28T00:36:44Z
dc.date.issued2017
dc.descriptionPresented 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.abstractThis 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.extent670.31 KB
dc.format.mimetypePDF
dc.identifier.citationColonescu, 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.urihttps://hdl.handle.net/20.500.14078/754
dc.languageEnglish
dc.language.isoen
dc.rightsAttribution-NonCommercial (CC BY-NC)
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/
dc.subjectMonetary Union
dc.subjectEuro
dc.subjectgrowth
dc.subjectGreece
dc.subjectcounterfactual
dc.titleMacroeconomic effects of the European Monetary Union: a counterfactual analysis
dc.typeArticle
dspace.entity.type
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