Capella-Ramos, João; Checherita-Westphal, Cristina D.; … - 2021
Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … the current unprecedented crisis on the euro area economy has given the debate new impetus. As a contribution to this … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers – a …