Publication:
Did the Euro Change the Effect of Fundamentals on Growth and Uncertainty?

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorLuque, Jaime
dc.contributor.authorTaamouti, Abderrahim
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2013-09-19T08:49:52Z
dc.date.available2013-09-19T08:49:52Z
dc.date.issued2013-09
dc.description.abstractWe present empirical evidence on whether the introduction of the euro has changed the effect of economic fundamentals on the growth rates of euro countries’ GDPpc and GDPpc volatility. We find that the effect of increments in debt on economic growth exhibits a structural break in 1999. A robustness check attributes this break to the financial crisis, however. There is also a statistically significant structural break in the impact of increments in government debt on economic uncertainty. This result is robust to a battery of robustness checks, including exclusion of the recent financial crisis period and comparison with non-euro European countries.
dc.format.mimetypetext/plain
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.repecwe1221
dc.identifier.urihttps://hdl.handle.net/10016/14893
dc.identifier.uxxiDT/0000000836
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Economics
dc.relation.ispartofseries12-21
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.jelE02
dc.subject.jelE52
dc.subject.jelF00
dc.subject.jelF02
dc.subject.jelF15
dc.subject.jelF33
dc.subject.jelF34
dc.subject.jelF36
dc.subject.jelF42
dc.subject.otherGDPpc growth rate
dc.subject.otherGDPpc growth rate volatility
dc.subject.otherFundamentals
dc.subject.otherGovernment debt
dc.subject.otherCurrency union
dc.subject.otherEuro zone
dc.titleDid the Euro Change the Effect of Fundamentals on Growth and Uncertainty?
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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