Sturm, Jan-Egbert; Wollmershäuser, Timo - CESifo - 2008
not there has been a synchronisation of business and inflation cycles among the EMU member countries over the years …This paper estimates forward-looking Taylor rules for the euro area. Using the asymmetries in inflation and cyclical … Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also …