Meenagh, David; Minford, Patrick; Webb, Bruce - C.E.P.R. Discussion Papers - 2002
Stochastic simulations are used on the Liverpool Model of the UK to assess the effect of macroeconomic stability of the … UK adopting the Euro. Instability increases substantially, particularly for inflation and real interest rates. A key … factor is the extent of the Euro's instability against the dollar; by adopting a regional currency the UK imports this source …