{"id":"https://openalex.org/W1968488809","doi":"https://doi.org/10.4337/ejeep.2015.01.08","title":"A multi-speed Europe: is it viable? A stock-flow consistent approach","display_name":"A multi-speed Europe: is it viable? A stock-flow consistent approach","publication_year":2015,"publication_date":"2015-04-01","ids":{"openalex":"https://openalex.org/W1968488809","doi":"https://doi.org/10.4337/ejeep.2015.01.08","mag":"1968488809"},"language":"en","primary_location":{"id":"doi:10.4337/ejeep.2015.01.08","doi":"https://doi.org/10.4337/ejeep.2015.01.08","is_oa":true,"landing_page_url":"https://doi.org/10.4337/ejeep.2015.01.08","pdf_url":"https://www.elgaronline.com/downloadpdf/journals/ejeep/12-1/ejeep.2015.01.08.pdf","source":{"id":"https://openalex.org/S2765073605","display_name":"European Journal of Economics and Economic Policies Intervention","issn_l":"1613-0960","issn":["1613-0960","2052-7764","2052-7772","2195-3376"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","ddh","doaj","erih-plus","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310320353","host_organization_name":"Edward Elgar Publishing","host_organization_lineage":["https://openalex.org/P4310320353"],"host_organization_lineage_names":["Edward Elgar Publishing"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Journal of Economics and Economic Policies: Intervention","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.elgaronline.com/downloadpdf/journals/ejeep/12-1/ejeep.2015.01.08.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5110274912","display_name":"Jacques Mazier","orcid":"https://orcid.org/0000-0003-3491-118X","observed_orcids":["https://orcid.org/0000-0003-3491-118X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jacques Mazier","raw_affiliation_strings":["Universit\u00e9 Paris-Nord, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universit\u00e9 Paris-Nord, France","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5064299602","display_name":"Sebasti\u00e1n Valdecantos","orcid":"https://orcid.org/0000-0003-4232-4778","observed_orcids":["https://orcid.org/0000-0003-4232-4778"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Sebastian Valdecantos","raw_affiliation_strings":["Universit\u00e9 Paris-Nord, France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universit\u00e9 Paris-Nord, France","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":8.2965,"has_fulltext":true,"cited_by_count":27,"citation_normalized_percentile":{"value":0.97149401,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"12","issue":"1","first_page":"93","last_page":"112"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.8871999979019165,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.8871999979019165,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.10019999742507935,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.003700000001117587,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/multi-speed-europe","display_name":"multi-speed Europe","score":0.9440000057220459},{"id":"https://openalex.org/keywords/eurozone-crisis","display_name":"eurozone crisis","score":0.7749999761581421},{"id":"https://openalex.org/keywords/exchange-rate-misalignment","display_name":"exchange rate misalignment","score":0.8809999823570251},{"id":"https://openalex.org/keywords/wage-coordination","display_name":"wage coordination","score":0.6650000214576721},{"id":"https://openalex.org/keywords/exchange-rate-regimes","display_name":"exchange rate regimes","score":0.7099999785423279},{"id":"https://openalex.org/keywords/single-currency","display_name":"single currency","score":0.6169999837875366},{"id":"https://openalex.org/keywords/stock-flow-consistent-model","display_name":"stock-flow consistent model","score":0.765999972820282},{"id":"https://openalex.org/keywords/macroeconomic-stability","display_name":"macroeconomic stability","score":0.5799999833106995},{"id":"https://openalex.org/keywords/monetary-union","display_name":"monetary union","score":0.3779999911785126}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7934209108352661},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6630093455314636},{"id":"https://openalex.org/C56777670","wikidata":"https://www.wikidata.org/wiki/Q60224","display_name":"Post-Keynesian economics","level":2,"score":0.6084034442901611},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5996309518814087},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5495334267616272},{"id":"https://openalex.org/C2777388388","wikidata":"https://www.wikidata.org/wiki/Q6821213","display_name":"Wage","level":2,"score":0.5398906469345093},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.47979170083999634},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.4479922950267792},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.40375328063964844},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.1570407748222351},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.4337/ejeep.2015.01.08","doi":"https://doi.org/10.4337/ejeep.2015.01.08","is_oa":true,"landing_page_url":"https://doi.org/10.4337/ejeep.2015.01.08","pdf_url":"https://www.elgaronline.com/downloadpdf/journals/ejeep/12-1/ejeep.2015.01.08.pdf","source":{"id":"https://openalex.org/S2765073605","display_name":"European Journal of Economics and Economic Policies Intervention","issn_l":"1613-0960","issn":["1613-0960","2052-7764","2052-7772","2195-3376"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","ddh","doaj","erih-plus","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310320353","host_organization_name":"Edward Elgar Publishing","host_organization_lineage":["https://openalex.org/P4310320353"],"host_organization_lineage_names":["Edward Elgar Publishing"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Journal of Economics and Economic Policies: Intervention","raw_type":"journal-article"},{"id":"mag:3124133904","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:hal:journl:hal-01367461","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:HAL:hal-01367461v1","doi":null,"is_oa":false,"landing_page_url":"https://sorbonne-paris-nord.hal.science/hal-01367461","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"European journal of economics and economy, 2015, 12 (1), pp.93-112. &#x27E8;10.4337/ejeep.2015.01.08&#x27E9;","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:elg:ejeepi:v:12:y:2015:i:1:p93-112","doi":null,"is_oa":false,"landing_page_url":"http://www.elgaronline.com/abstract/journals/ejeep/12-1/ejeep.2015.01.08.xml","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/277321","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/277321","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"},{"id":"pmh:oai:pure.atira.dk:publications/e501c0cb-c8e8-4c29-9678-0a71f4d7d53a","doi":null,"is_oa":false,"landing_page_url":"https://vbn.aau.dk/da/publications/e501c0cb-c8e8-4c29-9678-0a71f4d7d53a","pdf_url":null,"source":{"id":"https://openalex.org/S4306401731","display_name":"VBN Forskningsportal (Aalborg Universitet)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I891191580","host_organization_name":"Aalborg University","host_organization_lineage":["https://openalex.org/I891191580"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Valdecantos, S & Mazier, J 2015, 'A multi-speed Europe: is it viable? A stock-flow consistent approach', European Journal of Economics and Economic Policies: Intervention. https://doi.org/10.4337/ejeep.2015.01.08","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.4337/ejeep.2015.01.08","doi":"https://doi.org/10.4337/ejeep.2015.01.08","is_oa":true,"landing_page_url":"https://doi.org/10.4337/ejeep.2015.01.08","pdf_url":"https://www.elgaronline.com/downloadpdf/journals/ejeep/12-1/ejeep.2015.01.08.pdf","source":{"id":"https://openalex.org/S2765073605","display_name":"European Journal of Economics and Economic Policies Intervention","issn_l":"1613-0960","issn":["1613-0960","2052-7764","2052-7772","2195-3376"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","ddh","doaj","erih-plus","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310320353","host_organization_name":"Edward Elgar Publishing","host_organization_lineage":["https://openalex.org/P4310320353"],"host_organization_lineage_names":["Edward Elgar Publishing"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Journal of Economics and Economic Policies: Intervention","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.6800000071525574}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1968488809.pdf","grobid_xml":"https://content.openalex.org/works/W1968488809.grobid-xml"},"referenced_works_count":5,"referenced_works":["https://openalex.org/W1728094803","https://openalex.org/W2023505785","https://openalex.org/W2029594525","https://openalex.org/W2115138054","https://openalex.org/W3122633826"],"related_works":["https://openalex.org/W7096598893","https://openalex.org/W7098984208","https://openalex.org/W7098456369","https://openalex.org/W2777935986","https://openalex.org/W13126077","https://openalex.org/W2495508462","https://openalex.org/W2057800830","https://openalex.org/W2884000364","https://openalex.org/W3023744031","https://openalex.org/W2954407365"],"abstract_inverted_index":{"Based":[0],"on":[1],"the":[2,7,11,14,47,52,75,98,105,108],"hypothesis":[3],"that":[4,6,32,73,100],"states":[5],"underlying":[8],"cause":[9],"of":[10,20,46,78,107],"crisis":[12],"in":[13,83,89],"euro":[15],"area":[16],"is":[17],"a":[18,56,59,65,79],"combination":[19],"exchange-rate":[21,30],"misalignments":[22],"with":[23,64],"uncoordinated":[24],"wage":[25],"policies,":[26],"we":[27],"explore":[28],"different":[29,76],"arrangements":[31],"may":[33],"help":[34],"to":[35,55,97],"reduce":[36],"imbalances":[37],"between":[38],"surplus":[39],"and":[40,86],"deficit":[41],"countries.":[42],"These":[43],"alternative":[44],"configurations":[45],"eurozone,":[48],"which":[49],"imply":[50],"abandoning":[51],"common":[53],"currency":[54],"greater":[57],"or":[58],"lesser":[60],"extent,":[61],"are":[62],"tested":[63],"theoretical":[66],"four-country":[67],"stock-flow":[68],"consistent":[69],"model.":[70],"We":[71],"find":[72],"although":[74],"alternatives":[77],"multi-speed":[80],"Europe":[81],"vary":[82],"their":[84],"stability":[85],"macroeconomic":[87],"effects,":[88],"all":[90],"cases":[91],"they":[92],"produce":[93],"better":[94],"results":[95],"compared":[96],"one":[99],"has":[101],"been":[102],"observed":[103],"since":[104],"introduction":[106],"euro.":[109]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":8},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-25T09:29:13.331239","created_date":"2016-06-24T00:00:00"}
