converging to a common currency system, in particular, by the eurozone candidate countries. The analytical framework assumes an …, in this case, is the eurozone's inflation forecast. The study advances a forward-looking money growth model that might be … applied to aid monetary convergence to the eurozone. However, feasibility of adopting money growth rules depends on stable …

policy choice that is believed to facilitate both the economic transition and the monetary convergence to the eurozone … exchange rate fluctuations, the eurozone inflation impulses, and output changes. The analysis implies that the monetary …