Publicação
The euro and the growth of the Portuguese economy: a counterfactual analysis
| Resumo: | Portugal faced a decade of feeble economic growth after joining the European Economic and Monetary Union. Systematic research of the specific effects of this regime change on growth is still lacking. The counterfactual analysis that we undertake in this paper seeks to fill such a gap. Our findings suggest that the adoption of the Euro did have adverse effects on Portuguese economy. To the contrary, in 2009, the Euro seems to have sheltered the Portuguese economy from the worse effects of the international financial crisis. |
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| Autores principais: | Aguiar-Conraria, Luís |
| Outros Autores: | Alexandre , Fernando; de Pinho, Manuel C. |
| Assunto: | euro economia União Europeia Portugal análise contrafactual euro economy European Union Portugal counterfactual analysis . |
| Ano: | 2012 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Tipo de acesso: | unknown |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | português |
| Origem: | Análise Social |
| Resumo: | Portugal faced a decade of feeble economic growth after joining the European Economic and Monetary Union. Systematic research of the specific effects of this regime change on growth is still lacking. The counterfactual analysis that we undertake in this paper seeks to fill such a gap. Our findings suggest that the adoption of the Euro did have adverse effects on Portuguese economy. To the contrary, in 2009, the Euro seems to have sheltered the Portuguese economy from the worse effects of the international financial crisis. |
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