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Convergence or Divergence in Europe?

Growth and Business Cycles in France, Germany and Italy

Editors: Bandt, Olivier de, Herrmann, Heinz, Parigi, Giuseppe (Eds.)

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  • ISBN 978-3-540-32611-3
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Hardcover $159.99
price for USA in USD
  • ISBN 978-3-540-32610-6
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Softcover $159.99
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  • ISBN 978-3-642-06905-5
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About this book

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 from the three main National Central Banks of the euro area, presented to an International Conference held in Paris as well as the contributions of panel of leading economists, the book analyses the latest developments in three largest European economies in a broad perspective, using modern econometric techniques. One of the conclusions is that, while business cycles are more strongly correlated across the three countries, as evidenced by the common reaction to the 2001 slowdown, the three countries still exhibit differences in terms of long term growth.

Table of contents (15 chapters)

Table of contents (15 chapters)
  • Measuring Cyclical Comovements and Asymmetries in Growth and Business Cycles

    Pages 3-16

    Bandt, Olivier

  • Supply-side Developments

    Pages 17-25

    Herrmann, Heinz (et al.)

  • Cyclical Patterns in Main Components of Aggregate Demand

    Pages 27-39

    Zollino, Francesco

  • Convergence and Divergence in External Trade

    Pages 41-46

    Bandt, Olivier (et al.)

  • Panel Discussion

    Pages 47-59

    Brender, Anton (et al.)

Buy this book

eBook $119.00
price for USA in USD
  • ISBN 978-3-540-32611-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.99
price for USA in USD
  • ISBN 978-3-540-32610-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
Softcover $159.99
price for USA in USD
  • ISBN 978-3-642-06905-5
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Convergence or Divergence in Europe?
Book Subtitle
Growth and Business Cycles in France, Germany and Italy
Editors
  • Olivier de Bandt
  • Heinz Herrmann
  • Giuseppe Parigi
Copyright
2006
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-32611-3
DOI
10.1007/3-540-32611-1
Hardcover ISBN
978-3-540-32610-6
Softcover ISBN
978-3-642-06905-5
Edition Number
1
Number of Pages
XIII, 384
Topics