Berk, Jan Marc; Swank, Job - Tinbergen Instituut - 2002
, notwithstanding that inflation in some countries tends to converge towards the euro area level. Overa11, inflation persistence has … the euro area is not an optimal currency area yet, lending support to the quest for further structura1 reforms in European …Using a New-Keynesian framework, we investigate how far the inflationary processes in member states of EMU cause …