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Christian Barontini

Secretariat

Division

Secretariat

Current Position

Senior Lead Secretariat Official

Fields of interest

Macroeconomics and Monetary Economics,International Economics,Other Special Topics

Email

christian.barontini@ecb.europa.eu

Education
1991-1994

Institut d'Études Politiques, Aix-en-Provence, France

Professional experience
2019-2024

Principal Secretariat Official - Directorate General Secretariat, European Central Bank

2018-2019

Visiting member of the Committee on Payments and Market Infrastructures (CPMI) Secretariat - Bank for International Settlements

2008-2018

Secretariat Official - Directorate General, European Central Bank

2007-2008

Economist - Directorate General International and European Relations, European Central Bank

1999-2007

Adjoint de direction - Directorate General Economics and International, Banque de France

31 July 2004
OCCASIONAL PAPER SERIES - No. 19
Sectoral specialisation in the EU: a macroeconomic perspective
Task Force of the Monetary Policy Committee of the ESCB
English
Details
Abstract
This paper analyses trends in sectoral specialisation in the EU and concludes the following: 1) The European production structure appears more homogenous than that of the US. 2) While sectoral specialisation has shown a slight increase in some smaller euro area countries towards the end-1990s, it is too early to detect any potential impact of EMU. 3) Despite some changes in sectoral composition, the business cycles of euro area countries became more synchronised over the 1990s, which may be seen as reassuring from the point of view of the single monetary policy. 4) Sectoral re-allocation accounts for as much as 50% of the increase in labour productivity growth in business sector services in the euro area. 5) The slowdown of European labour productivity growth relative to the US since the mid-1990s is explained by a stronger performance in the US wholesale and retail trade, financial intermediation and high-tech manufacturing sectors.
JEL Code
E32 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Business Fluctuations, Cycles
E22 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Capital, Investment, Capacity
E23 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Production
E24 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital
2019
BIS Papers n°101
Proceeding with caution - a survey on central bank digital currency
  • Barontini C and Holden H.
2006
Banque de France, Bulletin n°152
A national central bank within a federal system
  • Barontini C. and Bonzom P.