This paper studies the relationship between austerity intensity and adjustment processes in Eurozone period 2000–2021. We empirically analyse fiscal consolidation its impact on a set of internal expansionary indicators. also evaluate those indicators with GDP growth using quantile regressions. Results show that programmes had negative both short-run long-run. Expansionary play more relevant rol...

We develop a technique to exploit forecast error variance decompositions evaluate the macroeconomic connectedness embedded in any multi-country model with an approximate vector autoregressive (VAR) representation. apply our large global VAR covering 25 countries and derive vivid representations of connectedness. find that US exerts dominant influence economy Brazil, China, Eurozone are also glo...

Article history: Received 8 December 2011 Received in revised form 29 August 2013 Accepted 31 August 2013 Available online 17 September 2013 The paper aims to shed light on the role of communication in the European debt crisis. It examines the effects of public statements by ECB Governing Council members, EU officials and national representatives on the PIIGS' CDS and bond yield spreads. The fo...

Abstract This article provides an overview and update on the degree of convergence Romania with Eurozone, in terms business cycles also taking into account economic context policies implemented. The synchronization cycle Romanian economy that Eurozone is essential condition for sustainable adoption single currency, because higher level synchronization, lower accession costs will tend to benefit...

Abstract This paper assesses capital mobility for the Eurozone countries by studying long-run relationship between domestic investment and savings period 1970-2019. Our main goal is to analyze impact of economic events on during this period. We apply cointegration methodology in a setting that allows us identify endogenous breaks saving-investment relationship. Precisely, coincide with relevant...

This paper examines the uneven impact of Great Recession on firm-level employment growth across firm size and age classes. Based data from ten Eurozone countries, we show that, notwithstanding negative crisis, young firms were most dynamic group prime contributors to net job creation even during recession. However, conditional survival, experienced a sharp drop in their rates, whereas small mos...

The aim of this paper is to analyse whether the Eurozone companies use Youtube, the main purposes of its usage, their activity and online practices, as well as the factors influencing both channel ́s activity and visibility of the uploaded videos. Our study shows that 44% of the explored companies have an official Youtube channel, mostly used for promotional and marketing purposes, with an avera...