Merlevede, Bruno; Plasmans, Joseph; Aarle, Bas van - In: Open Economies Review 14 (2003) 3, pp. 221-250
current EU and the role of monetary and exchange rate strategies during the (pre-) accession phase. The model gives insight … relationships governing macroeconomic adjustment in the accession countries and also the role of the integration with the EU in that … particular, we compare how a macroeconomic shock in the current EU is transmitted to the accession countries under flexible and …