Barrell, Ray; Weale, Martin - In: Oxford Review of Economic Policy 19 (2003) 1, pp. 132-148
member of EMU. The UK and the euro-area countries currently have economic cycles that are coherent, experiencing very similar … economy. The current fiscal and monetary frameworks in the UK and the euro area can be improved. The UK economy went through … UK remains outside EMU or becomes a member, inflation, real interest rates, and the level of government borrowing would …