Bulir, Ales; Hurník, Jaromír - International Monetary Fund (IMF) - 2006
"low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the …The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with …-term benefits-with unpleasant consequences for the efficiency of the eurozone transmission mechanism. The criterion is also …