Schuberth, Helene - Oesterreichische Nationalbank - 1998
, France and Spain indicates that costs of giving up autonomous monetary policy in a European Monetary Union (EMU) would … influence of adverse EMU effects, then, could be expected from autono-mous fiscal policy measures, since results suggest that … country-specific business cycles. Consequently, EMU could reduce the degree of synchronisation of output fluctuations across …