Mink, Mark; Jacobs, Jan; Haan, Jakob de - 2016
We argue that if currency union member states have different potential output per capita, output growth rates, or trade … trade balances are quite large, while output growth imbalances are more modest. Member states with larger imbalances of one … balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …