Toay, Taun N.; Pelagidis, Theodore - Levy Economics Institute - 2006
Apart from its widely accepted direct advantages, the introduction of the euro has been accompanied by a surge of … inflation in most of the EU member states. At the same time, wages--in part, wages of the unskilled--are relatively losing … what extent recent inflation trends are attributable to the constraints imposed by the monetary unionÐnamely negative …