Clausen, Volker; Hayo, Bernd - Zentrum für Europäische Integrationsforschung (ZEI), … - 2002
This paper investigates in a consistent semi-structural empirical framework three current issues of monetary policy in … of economic structure prior to EMU with current ECB monetary policy. Second, we test whether the regime change leads … – before or after – EMU to structural instability. Third, we investigate the stance of monetary policy in Europe. We compare a …