Macroeconomic Imbalances and Growth

Dear Colleagues,

After years of global and large macroeconomic imbalances, their evolution and prospective effects on future growth remain a matter of concern. International institutions and practitioners alike have emphasized the adjustments following the Great Recession. This matter is especially relevant to establish the correct exit strategies in the case of the Eurozone, where the adjustment can be slow and painful. Before the crisis of 2008/09, the EMU member states developed substantial macroeconomic imbalances. At the root of these developments were huge differences in wage and price inflation within the EMU, with consequences in terms of competitiveness, real interest rates, and income distribution divergences. The theoretical literature has distinguished between the positive short-run effects of accumulating imbalances to finance investment and the negative long-run growth effects of high level of indebtedness. The supporting empirical evidence, however, is far from conclusive. This Special Issue aims to gather frontier research related to the impact of macroeconomic imbalances on growth and the indirect effects that may, in turn, have on per-capita living standards, income distribution, resource-allocation efficiency, and public intervention.

Prof. Dr. Cecilio-R. Tamarit
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

• Macro economic imbalances
• growth
• Great Recession
• EMU
• secular stagnation
• Economic integration