Growth and Inflation Dispersions in EMU : Reasons, the Role of Adjustment Channels, and Policy Implications

Reasons, the Role of Adjustment Channels, and Policy Implications

Growth and Inflation Dispersions in EMU : Reasons, the Role of Adjustment Channels, and Policy Implications
This paper's analysis of growth and inflation dispersions in the euro area reveals several findings. First, these dispersions have declined appreciably since EMU; remaining dispersions are small but persistent, relating mainly to country-specific shocks, not differences in the transmission of common shocks. Second, the different behavior of... READ MORE...

Publication date: July 2007
ISBN 9781451867312
$18.00

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