Real Convergence in Central, Eastern and South-Eastern Europe

✍ Scribed by Reiner Martin, Adalbert Winkler

• Year: 2009
• Tongue: English
• Leaves: 222
• Category: Library

✦ Synopsis

This book brings together policymakers, high-level practitioners, academics, and experts from central banks and international institutions in order to review key policy challenges for convergence in the region of central, eastern and south-eastern Europe. Contributions focus especially on inflation, growth, migration and the balance of payments.

✦ Table of Contents

Cover......Page 1
Contents......Page 6
List of Illustrations......Page 9
Acknowledgements......Page 12
Notes on Contributors......Page 13
Introduction......Page 18
1.1 Introduction......Page 28
1.3 Convergence in Central, Eastern and South-Eastern Europe – theory and evidence......Page 29
1.4 Conclusions......Page 34
2.1 Introduction......Page 38
2.3 Current macroeconomic and financial challenges......Page 39
2.4 Policy options......Page 42
2.5 Conclusions......Page 43
3.1 Introduction......Page 44
3.2 Patterns of real convergence......Page 45
3.3 Labour markets......Page 58
3.4 Capital accumulation......Page 63
3.5 Conclusions......Page 73
4.1 Introduction......Page 82
4.2 Real convergence: Stylised facts and prospects......Page 84
4.3 Potential channels of real convergence affecting price levels......Page 87
4.4 Conclusions......Page 104
Summary of discussion at 2007 ECB Economic Conference on Central, Eastern and South-Eastern Europe......Page 111
5.1 Introduction......Page 115
5.2 The convergence process......Page 116
5.3 Theoretical foundations and empirical evidence......Page 121
5.4 Challenges for policy......Page 129
5.5 Conclusion......Page 133
Summary of discussion at 2007 ECB Economic Conference on Central, Eastern and South-Eastern Europe......Page 138
Abstract......Page 141
6.1 Introduction......Page 142
6.2 Migration developments in the course of the EU's eastern enlargement......Page 144
6.3 Does real convergence affect potential migration?......Page 152
6.4 Outline of the simulation model......Page 155
6.5 A simulation of the migration impact on real convergence......Page 157
6.6 Conclusions......Page 166
6.7 Appendix......Page 169
Summary of discussion at 2007 ECB Economic Conference on Central, Eastern and South-Eastern Europe......Page 178
7.1 Introduction......Page 183
7.2 What are the facts?......Page 184
7.3 Is Europe different? Yes, in several respects......Page 192
7.4 Is Europe different? Perhaps, but it is still vulnerable......Page 198
7.5 Policy challenges......Page 204
Summary of discussion at 2007 ECB Economic Conference on Central, Eastern and South-Eastern Europe......Page 210
C......Page 216
E......Page 217
F......Page 218
I......Page 219
M......Page 220
R......Page 221
Z......Page 222