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Convergence économique en Europe : migrations, cycles, politiques monétaire et budgétaire

Rémi Odry 1 
Abstract : This thesis addresses the issue of economic convergence in Europe from three perspectives: the first chapter deals with the impact of the Bologna Process (BP) on intra-European migrations. We find that the BP does not allow greater migration flows between European countries, but we can observe a significant effect of the Eurozone and the European Union membership. The second chapter focuses on the relationship between the monetary policy of the European Central Bank and the synchronization of cycles. We find a significant impact of the European Central Bank on the business cycle synchronization in Europe: an expansionary monetary policy is associated with an increase in business cycle synchronization. Finally, our third chapter links government spending and what we call market signals. Specifically, we study the relationship between sovereign credit ratings and government spending in European countries. Our results highlight the important influence of market indicators in fiscal policy decisions.
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Submitted on : Friday, April 22, 2022 - 4:05:25 PM
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Rémi Odry. Convergence économique en Europe : migrations, cycles, politiques monétaire et budgétaire. Economies et finances. Université de Nanterre - Paris X, 2021. Français. ⟨NNT : 2021PA100121⟩. ⟨tel-03649540⟩



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