RT Generic
T1 Did the Euro Change the Effect of Fundamentalson Growth and Uncertainty?
A1 Luque, Jaime
A1 Taamouti, Abderrahim
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB We present empirical evidence on whether the introduction of the euro has changed the effect ofeconomic fundamentals on the growth rates of euro countries’ GDPpc and GDPpc volatility. We findthat the effect of increments in debt on economic growth exhibits a structural break in 1999. Arobustness check attributes this break to the financial crisis, however. There is also a statisticallysignificant 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 crisisperiod and comparison with non-euro European countries.
SN 2340-5031
YR 2013
FD 2013-09
LK https://hdl.handle.net/10016/14893
UL https://hdl.handle.net/10016/14893
LA eng
DS e-Archivo
RD 28 may. 2024