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With the data available on DBnomics, we created several charts showing the state of convergence of the member states. Check out the detailed charts and findings: https://t.co/ARJx7KUfeh Source Code: https://t.co/IservN5D0u #EuroArea #EUConvergence #DBnomics #Maastricht

There are four Maastricht criteria of economic integration: Price Stability Sustainable Public Finances Exchange Rate Stability Long-Term Interest Rates With the data available on DBnomics, we created several charts showing the state of convergence of the member states.

Without convergence, economic imbalances arise, as seen in the sovereign debt crisis. The Euro works best when economies align, reducing risks of crises. Convergence criteria have been decided by the European Union to ensure that a member is ready to enter the Euro Area.

Convergence means EU countries’ economies becoming more similar. It's key for a stable Euro Area, but not all countries meet the criteria. Denmark and Sweden opt out from adopting the euro, while others like Bulgaria and Romania aren't ready yet.

📊Today on DBnomics, we explore EU convergence :

With the data available on DBnomics, we have created charts for these indices for a large number of countries and regions. Check out the detailed charts and findings: https://t.co/s2e1kKqiNW Source Code: https://t.co/CxMXarfKRZ #inflation #dbnomics #Database #Economics #OpenData

...Commodities are most often used as inputs in the production of other goods.

Commodity Prices: Commodity prices are the prices at which raw materials or food products are bought and sold. A "commodity" can be defined as a basic resource that is interchangeable with other similar goods...

Harmonized Consumer Price Index (HICP): A consumer price index calculated across EU countries using a standardized methodology.

Inflation: Inflation occurs when there is a broad increase in the prices of goods and services. It leads to a loss of purchasing power. Consumer Price Index (CPI): The CPI is calculated by observing the price changes of a fixed basket of goods and services over time.

Today on DBnomics, a brief overview of some key price indicators:

Check our Macroeconomic outlook updated every month, which presents international macroeconomic perspectives with data available on DBnomics :

Our analysis explores whether this relationship holds in several countries: France, Germany, United-States… Check out the detailed charts and findings for multiple countries: https://t.co/kQo3RcstGO Source Code:

Therefore, during a recession, the unemployment rate increases, and the job vacancy rate decreases: the labor supply exceeds the labor demand.

Why is the job vacancy rate high when the unemployment rate is low? A low unemployment rate generally indicates a period of economic growth. The number of jobs created exceeds the labor supply, resulting in an increase in the job vacancy rate.

...unemployment. Frictional unemployment is the short-term unemployment that occurs during the period needed to find a new job. It is different from cyclical unemployment (which occurs during a recession) and structural unemployment (due to structural changes).

Economic cycles (boom or recession) have an impact along the curve. Structural changes (a deep and impactful change in the way a market function) cause the curve to shift. Finally, differences between countries are due to differences in legislation and in frictional...

...(job advertisements by companies) and the unemployment rate. The Beveridge Curve tells economists and regulators about the labor market's health. Different factors will have different impacts on the curve : structural changes, economic cycle and frictional unemployment.

William Beveridge (1879-1963) was an English economist specializing in unemployment, prices, and wages. In 1944, his essay titled "Full Employment in a Free Society" was published. In this essay, Beveridge describes the negative relationship between the job vacancy rate...

Today on DBnomics, a brief presentation of the Beveridge Curve: