Journal of Business & Economic Policy

ISSN 2375-0766 (Print), 2375-0774 (Online) DOI: 10.30845/jbep

Post-Crisis Macroeconomic Comparative Assessment of the Eurozone Member States with the Use of an Improved Misery Index
Paweł Błaszczyk

The aim of this study is a comparative assessment of the post-crisis Eurozone countries including the period 2008-2013. The study involved 17 countries, members of the Eurozone as of the end of 2013. The essential part of the survey estimates were made previously proposed, multifactorial, complex macroeconomic condition index (MCI) in three variants. The basis for the construction of the instrument is misery index. In this case, it has been expanded and qualitatively adjusted so that it is more appropriate in relation to the contemporary global economic conditions. The negative effects of the crisis were experienced by all Eurozone member states, yet each to a different degree. The crisis brought about a disturbance in the process of nominal and real convergence, which is so crucial for the stability of the European Economic and Monetary Union.

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