How Countries’ Different Attitudes towards Inflation can thwart the European Dream
In this paper I show that countries’ commitment to maintain a fixed exchange rate is unsustainable if their attitudes towards inflation differ. This means that, if these attitudes are different, two of the solutions to the macroeconomic policy trilemma (those involving the fixed exchange rate) are u...
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2018-12-01
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| Series: | Romanian Economic Journal |
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| Online Access: | http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2018-12-19/3536/1-final-70-croitoru.pdf |