Ca' Zorzi, Michele; Santis, Roberto A. De - European Central Bank - 2003
inflation in the enlarged euro area, but only to inflation redistribution across countries if continuity of the monetary policy … play a key role. The numerical results indicate that the implications for the euro area are significant only if we assume a … enlarged euro area, but sizeable for ACs themselves. JEL Classification: E52, E58, F33, F40 …