Reade, J. James; Volz, Ulrich - 2009
independence in the light of monetary union was Germany.
1 Introduction
On January 1, 1999, eleven countries adopted the euro as … important question is thus whether today’s
EMU nations enjoyed any monetary policy independence pre-euro? Because if not, then … euro area, there is a consensus that EMU
members are far from displaying perfectly correlated business cycles. See, for …