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Hardcover Convergence or Divergence in Europe?: Growth and Business Cycles in France, Germany and Italy Book
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ISBN: 3540326103

ISBN13: 9783540326106

Convergence or Divergence in Europe?: Growth and Business Cycles in France, Germany and Italy

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Against the background of the introduction of the euro in 1999, France, Germany and Italy have recently experienced higher divergence in terms of GDP growth. Indeed, there is no consensus among economists regarding the effects of monetary union, which can lead either to more specialisation as in the United States, or to increasing intra-industry trade, hence higher co-movements. Based on a set of original papers produced by a team of economists...

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