Samiei, Hossein; Zenon Kontolemis G. - International Monetary Fund (IMF) - 2000
cycles in the euro-area countries; and (ii) identifies, using a small VAR model, a relatively significant role for monetary … aligned with those in the euro area in the 1990s (as they would be if the United Kingdom were to join EMU), output growth … might have been less volatile and more correlated with that in the euro area, but inflationary pressures might have …