game approach of the endogenous coalition formation literature. The specific policy recommendations in the EMU context …

policy, where the main features characterising the policy-making are similar to those in EMU. National governments choose the …

(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary …. Although we come up with some weak evidence for increased business cycle amplitudes within the EMU, we neither find a … significant general effect of the EMU on wage growth nor on unemployment. …

gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in … between cooperating and not cooperating, but the new EU members still prefer not to cooperate with EMU in terms of fiscal …

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 …