change associated with the start of EMU in 1999. The main findings are as follows. Steadystate inflation and inflation … uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly owing to … reversed, and that in the euro period the Friedman-Ball link is empirically supported, consistently with the idea that the ECB …

using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU … substantial increase in the anchoring of long-term inflation expectations since EMU, particularly for Italy and Spain, which since …

investors preferred portfolio assets of countries where the central bank gave relative importance to money. As for EMU, once … among euro area countries have increased due to the catalyst effect of EMU. Country's shares in the world market portfolio …, home bias, initial degree of misallocation across countries, past returns, diversification benefits and EMU can explain 35 …

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … policy autonomy in several areas, such as monetary policy and fiscal policy. The paper shows that EMU has helped reduce the …