Reviewing adjustment dynamics in EMU: from overheating to overcooling

Author (Corporate)
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Series Details No.198, January 2004
Publication Date 2004
ISBN 92-894-5963-8
ISSN 1016-8060
EC KC-AI-04-198-EN-C
Content Type ,

This paper analyses how adjustment dynamics, in an environment with some degree of price and wage rigidity, may create and strengthen asymmetric developments in a monetary union.
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