European Union, (2013), Quarterly Report on the Euro Area, Volume 12, No. 3, pp. 1-34.
The volume contains:
- Focus: Financial dependence and growth since the crisis. [εδώ]
- Labour costs pass-through, profits and rebalancing in vulnerable Member States. [εδώ]
- Cross-border spillovers in confidence. [εδώ]
The focus section takes a look at the relationship between growth and finance at the level of industrial sectors and shows that more developed financial markets have, to some extent, helped cushion the impact of the crisis on those industries that are more dependent on external funds in the euro area. A first special topic looks at whether the incomplete pass-through of labour cost moderation into export prices observed in some vulnerable euro area Member States is reflected into profitability developments and discusses possible implications for external rebalancing in these Member States. A second special topic studies the link between real consumption and consumer confidence and finds evidence of confidence spillovers across countries.
Σχετικές Αναρτήσεις
- European Commission, (2013), Quarterly report on the euro area, 1/2013.
- European Commission, (2012), Quarterly report on the euro area, 04/2012.