Caruso, Alberto, Hasenzagl, Thomas, Pellegrino, Filippo, Reichlin, Lucrezia, (2016), “The US sneezes and the Eurozone catches a cold: The Eurozone has been infected by the US slowdown”, Voxeu, 22 Φεβρουαρίου
Recent data releases related to the Eurozone have been disappointing. This column argues that momentum from the long-delayed 2014-15 recovery is faltering because the Eurozone economy is affected, with a lag, by the US slowdown. The traditional, lagged relationship between the EZ and US business cycles – which disappeared in the aftermath of the Global Crisis – is now reasserting itself.
Σχετικές Αναρτήσεις
- Micossi, Stefano, (2016), “Balance-of-Payments Adjustment in the Eurozone”, CEPS publications, 22 Ιανουαρίου
- Gros, Daniel, Belke, Ansgar, (2015), “Banking Union as a Shock Absorber: Lessons for the eurozone from the US”, CEPS publications, 17 Δεκεμβρίου