On the Possible Costs of European Monetary Union.
Much has been written about the benefits of monetary union in Europe, but little about the possible costs. This paper use s a small simulation model to analyze the costs and best design for EMU. The authors find demand/supply asymmetries cause inflation, output losses and extra adjustment costs. Pri...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1993
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