Sturm, Jan-Egbert (contributor); … - 2008
will hardly affect the results. In a
similar vein, it is not possible to carry out the analysis for the new EU member …
γEA, respectively.
The figure highlights that in countries like Greece, Ireland, Portugal and
Spain, stress has been … negative for most of the EMU period. This implies
that if, for example, the ECB had conducted monetary policy for Ireland
alone …