, but a country might give up important monetary policy tools that could help stabilize its economy following a shock. The … Eastern European countries that joined the Eurozone since 2005; their differences, particularly with regard to the countries … volatility of real output, consumption, and investment generally correspond to events other than Eurozone accession, and Vector …

, over the period 1970–2013, mobility absorbed about a quarter of an asymmetric shock within 1 year. Movements in response to …