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Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...
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The persistently low wage and price growth in the EMU after the Great Recession of 2009 led some economic observers to … EMU member states after the Great Recession to investigate whether these claims are corroborated by empirical evidence …. The results point to the conclusion that the Phillips Curve is alive and well in the EMU and centred at or only slightly …
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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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