Filácek, Jan; Horváth, Roman; Skorepa, Michal - William Davidson Institute, University of Michigan - 2006
typically rooted in the challenge of fulfilling concurrently of the Maastricht inflation and exchange rate criterion, as these …, written interpretation and “revealed” interpretation of the inflation and exchange rate criteria. Then we discuss the options … inflation and exchange rate criterion, as these countries are experiencing equilibrium
real exchange rate appreciation. In this …