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Weitere%20Publikationen:%20Christian%20Glocker (6 hits)

While all EU economies witnessed a sharp decline in output during the financial crisis, the peripheral EU countries were particularly hard hit. This is surprising, given their sound macroeconomic performance prior to the crisis. It became obvious that imbalances had been building up underneath a seemingly tranquil macroeconomic surface. We argue that the underlying mechanisms are mirrored by productivity developments in a tradable-non-tradable framework. Countries that were severely affected not only exhibited low productivity growth in tradables (e.g., manufacturing), but also experienced a sharp increase in the production of non-tradables (e.g., real estate) before the crisis.
Applied Economics Quarterly, 2014, (3), pp.179-214,
Online since: 22.04.2015 15:50
The Journal of Applied Economic Research, 2013, (3), pp.215-254,
Online since: 01.07.2015 15:02
in: Sozialbericht 2011-2012. Ressortaktivitäten und Sozialpolitische Analysen
Editors: Federal Ministry of Labour, Social Affairs and Consumer Protection
International Review of Economics, 2012, (1), pp.21-39,
Online since: 15.10.2015 17:27
International Journal of Central Banking, 2012, (1), pp.65-113,
Online since: 15.10.2015 16:36