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industries) in 25 EU countries over the period from 1995 to 2005. By applying a cross-country and industry-specific approach, it …
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The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: How do the Maastricht convergence criteria modify optimal monetary policy in an...
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