Europa was to be indexed to the inflation rates in the participating countries, according to the weights of their national … a parallel currency, but less than fully inflation-proof, since its standing in terms of purchasing power would have … been the same as that of the currency of the member country with the lowest inflation rate. In the Optica 1976 Report …

productivity growth, the natural interest rate (r*), inflation trends and monetary transmission. While trade globalisation … by upward pressures, from the boost to global productivity associated with greater trade integration. Headline inflation …. Meanwhile, core inflation rates show a lower degree of commonality. Globalisation has made a rather modest contribution to the …