Merler, Sylvia, (2016), “A financial side to a macroeconomic story: macro imbalances and financial integration in the euro area”, Bruegel publications, 18 January
In a recent paper, I looked at the evolution of financial cycles in the euro area and at their link with capital flows. Here, I focus on how those findings inform our understanding of euro-area macroeconomic imbalances, revisiting the analysis of national savings and investment correlation.
Relevant Posts
- European Central Bank, (2015), “Eurosystem Staff Macroeconomic Projections for the Euro Area”, ECB Macroeconomic Projections, December
- Frankel, Jeffrey, (2015), “International macroeconomic policy coordination”, Voxeu, 9 December.