Enlargement of the Economic and Monetary Union: To which Structurally Heterogeneous Countries?

We study the consequences of the entry of a structurally heterogeneous country on the well-being of the current members of a monetary union. Welfare would be increased if the new country is more open, if it has a smaller sensibility of its demand to the interest rate, and also generally if its supply function has a lower sensibility to inflation.

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Year of publication:	2010
Authors:	Menguy, Severine
Published in:	International Economic Journal. - Taylor & Francis Journals, ISSN 1016-8737. - Vol. 24.2010, 1, p. 53-70
Publisher:	Taylor & Francis Journals
Subject:	Euro-area \| enlargement \| monetary policy \| fiscal policy \| structural heterogeneity

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008681199