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Interdependence between U.S. and EU goods, money, and foreign markets and spillover effects
Journal of Economics and Business - SPOUDAI
View Archive Info| Field | Value | |
| Title |
Interdependence between U.S. and EU goods, money, and foreign markets and spillover effects
Interdependence between U.S. and EU goods, money, and foreign markets and spillover effects |
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| Creator |
Καλλιανιώτης, Ιωάννης Ν.
Πέτσας, Ιορδάνης |
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| Subject |
Οικονομικές προβλέψεις; Μακροοικονομία; Ανάλυση χρονολογικών σειρών; Ηνωμένες Πολιτείες Αμερικής; Ευρωπαϊκή Ένωση
Forecasting; Monetary Policy; Monetary Policy; Macroeconomics; Time-series analysis; United States of America; European Union |
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| Description |
The paper examines the interdependence in three different markets (goods, money, and foreign sectors) between the U.S. and the EU. A theoretical open economy macroeconomic model is used for the analysis and tested with data from the two entities. The results show that there is a tremendous economic interdependence between the U.S. and the EU, but the social and political influences from the U.S. overshadow the economic ones. Both entities face serious problems, like deficits and unemployment and at the same time loss of competitiveness and heterogeneity in their own countries. The current trend of inconsiderate integration and internationalization will hurt the citizens in Europe, first, and in America soon. |
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| Publisher |
University of Piraeus
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| Date |
2008-01-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1304
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| Source |
SPOUDAI - Journal of Economics and Business; Vol 58, No 1-2 (2008); 115-147
2241-424X 1105-8919 |
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| Language |
eng
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| Relation |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1304/1383
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| Rights |
Copyright (c) 2008 SPOUDAI - Journal of Economics and Business
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