Artis, Michael J.; Dreger, Christian; Cholodilin, … - 2010
convergence for 41 euro area regions and 48 US states. By looking at the regional dimension, a larger information set can be … states and comparable euro area regions, the perspectives of a common monetary policy in Europe can be assessed. The US … provides a natural benchmark in this respect. Both the US and the euro area share similar socio-economic characteristics …