The work adopts an old Keynesian perspective to evaluate the EMU. Such a perspective raises concerns with the … effectiveness of monetary policy, the feasibility of monetary policy, and the political economy of monetary policy. The EMU brings … EMU depends on whether effective sovereign monetary policy is feasible now and in the future, whether the EMU constitutes …

The work adopts an old Keynesian perspective to evaluate the EMU. Such a perspective raises concerns with the … effectiveness of monetary policy, the feasibility of monetary policy, and the political economy of monetary policy. The EMU brings … EMU depends on whether effective sovereign monetary policy is feasible now and in the future, whether the EMU constitutes …

governance in emu and examines further some fundamental questions about emu’s sustainability looking at emu’s performance for far … functioning emu once they will have adopted a more sustainable growth model. …

*The European Union will enter Stage Three of Economic and Monetary Union (EMU) in 1999. The development of euro …

We explore the impact of European monetary union (EMU) on the economies of the member countries. While the annual … euro area have been much more persistent, such that cumulative intra-EMU real exchange rate movements have been quite … substantial. EMU has indeed contributed to greater economic integration - however, economic linkages with the rest of the world …

participation to the EMU. Although the primary goal of the model is teaching, its behavioral equations and the subsequent realism of …) and prices, and what are the consequences of EMU participation, both on the uncertainty itself and the efficiency of the … behavioral equations. We consider 8 cases, combining: - No EMU, the present state - Residuals on demand or supply - Two exchange …

& Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business … the EMU and investigates in how far this has altered macroeconomic transmission. We find that Austria's economy appears to … estimations on pre-EMU and EMU subsamples we find that the contribution of (rest of the) Euro Area shocks to Austria's business …