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The COVID-19 crisis has the potential to lead to long-term stagnation in the European Monetary Union (EMU). Especially … policy but one that is not sufficient to stabilize a monetary union. A more comprehensive integration of the EMU is needed to …
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Although Euro Area member states agree on the need to protect the Economic and Monetary Union against the threat posed … discourses shape the meaning of E(M)U. …
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Recent developments in inflation and M3 velocity in the euro area have raised serious doubts about the reliability of M … effects for the different member countries of the euro area. Hence, although monetary aggregates can be used as a nominal … anchor, it is essential, especially for the case of peripheral EMU countries, to complement these measures with other …
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