In the euro area, monetary policy is conducted by a single central bank for 20 member countries. However, countries are … weighted average of the inflation rates within the European Monetary Union (EMU) or reacted more strongly to the inflation rate … developments of certain EMU countries. The New Keynesian model first generates data which is used to train and evaluate several …

) convergence of the originalEuropean monetary union (EMU) member countries both before and after theintroduction of the euro with … those of a larger sample of European countries. Wefind the convergence speed in the EMU members to have accelerated … slowdown lasting to the end of the sample in the late 2010s. Theevidence suggests that the EMU members in fact experienced …

investigation of these issues using data for the euro area, the six largest euro area countries, and the UK …