EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root …

EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root …

The impact of EMU on the transatlantic exchange rate stability raises the more general question of whether the exchange … States, Germany and France, over the 1972-1995 period. Then we compare EMU, the ERM and a floating regime through stochastic … simulations. We show that EMU could reduce the variability of the transatlantic exchange rate compared both to the ERM and to a …

United Kingdom, euro area and Japan and after the mid-1990s for Canada. Nominal shocks had a larger impact on output and …

United Kingdom, euro area and Japan and after the mid-1990s for Canada. Nominal shocks had a larger impact on output and …

Kingdom, euro area, Japan and Canada versus the United States. A new identification strategy is proposed building on sign …

the face of asymmetric shocks. Exit from the euro area is to regain rapidly international competitiveness. Exchange rate …

) "uncovered inflation rate parity condition" in a monetary union. The analysis of the actual divergences and imbalances in the EMU … increasing economic and political tensions. Thus we conclude with the application of the Rodrik's political trilemma to the EMU …

Inflation differentials within European Monetary Union (EMU) are increasingly seen as exerting adverse effects on the … price competitiveness of member countries' firms and – given the common monetary policy within EMU – as being detrimental to … euro-area economies, in particular to those with relatively high inflation rates. Using three simple measures of …