to popular perception high inflation is not necessary for fast convergence. Moreover the trajectories of certain euro … and stable for EU member states over the period 1997-2006. The joint dynamics of price and GDP levels tend to gravitate … towards the regression line but there is no shorter-term trade-off between fast real convergence and low inflation. Contrary …

there is no shorter-term trade-off between fast real convergence and low inflation. Such a tradeoff characterises the … dynamic process moving the economy along the regression line. But the actual dynamics may run off that line. High inflation is …

The EU candidate and potential candidate countries have made considerable progress in economic transition and … euro area remain large. This suggests that the challenges of real convergence will remain relevant for the region even in … with the euro area average. Thus, in order to sustain the positive developments observed in the past, further improvements …

By the Treaty of Accession to the EU, Romania opted for the euro adoption. According to the Maastricht Treaty, since … 2014 Romania has fulfilled the nominal convergence criteria, thus becoming apt to adopt the euro. But a careful analysis of … the reality and the lessons learnt from the Euro Area crisis show that the real convergence criterion is able to ensure …

The EU candidate and potential candidate countries have made considerable progress in economic transition and … euro area remain large. This suggests that the challenges of real convergence will remain relevant for the region even in … with the euro area average. Thus, in order to sustain the positive developments observed in the past, further improvements …

The success of the integration process of the new EU Member States is reflected by their nominal and real convergence …

We analyse the effect of Slovakia’s euro adoption in 2009 on the country’s economic performance by using the synthetic … European economies that have remained outside the Euro zone. We estimate that by adopting the euro, Slovakia gained 10% of real …

Union after 1960. The Great Recession was a shock to the development, and convergence within the EU-15 has suffered …-transition countries have mostly continued their catching up. Historically, convergence in the EU has been faster when aggregate GDP growth …

This report offers an extensive analysis of the effects of the EU Single Market. It sheds light on four interrelated … results are highly relevant for economic policies at the member country and the EU level …