08
MAY
2017
14:15
- 15:45
IWH Research Seminar
The Worst of All Worlds: Exchange Rate Adjustment in the Euro Crisis
Who
Gernot J. Müller
(Eberhard Karls Universität Tübingen)
Where
IWH conference room
Economic performance in the euro area has been heterogeneous during the recent decade. Still, intra-euro area real exchange rates have adjusted only slowly. In this paper, we first document that the half-life of intra-euro area real exchange rates has increased strongly after 2008.
