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European treaty. Moreover, as long as the distance to the core of the EMU countries is still large, real convergence criteria …
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The topic of the Intereconomics/CEPS conference for which this paper was written was framed as a question: convergence or divergence in the EU? I am prepared to give an unambiguous answer. That answer is yes.
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This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and …
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have converged at faster rate than those of NON EMU countries. This outcome can be interpreted as a combination of the … significantly increased after EMU inception, pointing toward an exclusive role for convergence in investment barriers. …
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currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU … adjustment, the adjustment to a price shock in EMU might take several decades. …
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. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …
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