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

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dc.contributor.author Luque, Jaime
dc.contributor.author Taamouti, Abderrahim
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2013-09-19T08:49:52Z
dc.date.available 2013-09-19T08:49:52Z
dc.date.issued 2013-09
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/14893
dc.description.abstract We 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.mimetype text/plain
dc.format.mimetype application/pdf
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Economics
dc.relation.ispartofseries 12-21
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other GDPpc growth rate
dc.subject.other GDPpc growth rate volatility
dc.subject.other Fundamentals
dc.subject.other Government debt
dc.subject.other Currency union
dc.subject.other Euro zone
dc.title Did the Euro Change the Effect of Fundamentals on Growth and Uncertainty?
dc.type workingPaper
dc.subject.jel E02
dc.subject.jel E52
dc.subject.jel F00
dc.subject.jel F02
dc.subject.jel F15
dc.subject.jel F33
dc.subject.jel F34
dc.subject.jel F36
dc.subject.jel F42
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.type.version submitedVersion
dc.identifier.uxxi DT/0000000836
dc.identifier.repec we1221
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