Inflation Convergence During the Transition to EMU

According to the Maastricht Treaty, EMS countries will be able to join EMU if their inflation rates are not more than 1.5% higher than the average of the three lowest inflation rates in the EMS. In this paper I analyse the likelihood of inflation rates converging to the levels set out in the Maastricht Treaty, and conclude that this is unlikely to be the case. I study whether the Maastricht convergence requirement for inflation rates is not needlessly tight.

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Year of publication:	1992-06
Authors:	De Grauwe, Paul
Institutions:	C.E.P.R. Discussion Papers
Subject:	Inflation \| Monetary Union

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 658
Classification:	E58 - Central Banks and Their Policies ; F15 - Economic Integration ; F33 - International Monetary Arrangements and Institutions ; F36 - Financial Aspects of Economic Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005067457