Arbeitspapier
Current account imbalances and structural adjustment in the Euro area : how to rebalance competitiveness
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro area imbalances. A panel regression reveals a significant impact of private restructuring and public structural reforms on intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers the best way to preserve long-term economic stability in Europe.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2639
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Economic Integration
Trade and Labor Market Interactions
Current Account Adjustment; Short-term Capital Movements
International Monetary Arrangements and Institutions
- Thema
-
structural reforms
international competitiveness
current account imbalances
European Monetary Union
euro area
dynamic panel estimation
interaction term
Zahlungsbilanzungleichgewicht
Europäische Wirtschafts- und Währungsunion
Internationaler Wettbewerb
Wirtschaftsreform
Sozialreform
Wirtschaftliche Anpassung
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Zemanek, Holger
Belke, Ansgar
Schnabl, Gunther
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Zemanek, Holger
- Belke, Ansgar
- Schnabl, Gunther
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2009
Ähnliche Objekte (12)
Current account imbalances and structural adjustment in the euro area: how to rebalance competitiveness
Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
Current account imbalances and structural adjustment in the euro area: How to rebalance competitiveness?
Real convergence, capital flows, and competitiveness in central and Eastern Europe
Real Convergence, Capital Flows and Competitiveness in Central and Eastern Europe
Real convergence, capital flows, and competitiveness in Central and Eastern Europe
Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Current Account Balances and Structural Adjustment in the Euro Area
Markt versus Staat in der Europäischen Union – Eine für Kredit- und Kapitalmärkte relevante Debatte
Zero Interest Rate Policy and Economic Order 2016
27. Leipziger Weltwirtschaftsseminar – Konvergenz versus Divergenz in der Europäischen Union in der Krise. Bericht über eine Konferenz am 13. / 14. Januar 2014 in Leipzig
Finanzkrise, globale Liquidität und makroökonomischer Exit
Current account imbalances and structural adjustment in the euro area: how to rebalance competitiveness
Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
Current account imbalances and structural adjustment in the euro area: How to rebalance competitiveness?
Real convergence, capital flows, and competitiveness in central and Eastern Europe
Real Convergence, Capital Flows and Competitiveness in Central and Eastern Europe
Real convergence, capital flows, and competitiveness in Central and Eastern Europe
Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Current Account Balances and Structural Adjustment in the Euro Area
Markt versus Staat in der Europäischen Union – Eine für Kredit- und Kapitalmärkte relevante Debatte
Zero Interest Rate Policy and Economic Order 2016
27. Leipziger Weltwirtschaftsseminar – Konvergenz versus Divergenz in der Europäischen Union in der Krise. Bericht über eine Konferenz am 13. / 14. Januar 2014 in Leipzig
Finanzkrise, globale Liquidität und makroökonomischer Exit
Current account imbalances and structural adjustment in the euro area: how to rebalance competitiveness
Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
Current account imbalances and structural adjustment in the euro area: How to rebalance competitiveness?
Real convergence, capital flows, and competitiveness in central and Eastern Europe
Real Convergence, Capital Flows and Competitiveness in Central and Eastern Europe
Real convergence, capital flows, and competitiveness in Central and Eastern Europe
Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Current Account Balances and Structural Adjustment in the Euro Area
Markt versus Staat in der Europäischen Union – Eine für Kredit- und Kapitalmärkte relevante Debatte
Zero Interest Rate Policy and Economic Order 2016
27. Leipziger Weltwirtschaftsseminar – Konvergenz versus Divergenz in der Europäischen Union in der Krise. Bericht über eine Konferenz am 13. / 14. Januar 2014 in Leipzig