Michele Ca' Zorzi; Santis, Roberto A. De - Robert Schuman Centre for Advanced Studies (RSCAS), … - 2004
The enlargement of the European monetary union to include new EU Member States (NMs) will not lead to higher expected … inflation in the enlarged euro area, but only to some redistribution of inflation at the country level, if the policy framework … current euro area is limited if participating countries are weighted on the basis of nominal GDP and if the upward pressure on …