Dullien, Sebastian; Fichtner, Ferdinand - In: DIW Wochenbericht 79 (2012) 44, pp. 9-15
monetary union, thereby simplifying the common monetary policy. Such a system is suggested here in the form of a European … euro area. Cyclical imbalances within a monetary union, however, would be effectively dampened by a European unemployment … for the member countries of the European Monetary Union. …