Šidlauskaitė, Brigitatestas; Šeputienė, Janina - 2008
monetary union. This shock lowers output and increases prices. The ECB is responsible for maintaining price stability, also for … loses the ability to conduct an independent monetary policy. The possible asymmetric shocks of a supply or demand determine … the optimality of monetary policy. If there are asymmetric shocks in the union, they might cause inflation in one country …