Allsopp, Christopher; Vines, David - Directorate-General Economic and Financial Affairs, … - 2008
In EMU, a country may have difficulty ensuring stability in the face of asymmetric shocks; the response may be unstable … performance within Europe. Within EMU, a country may have difficulty ensuring stability in the face of asymmetric shocks; the …, or, even if not, the real exchange rate might overshoot. Fiscal policy may help to stabilise inflation and also to target …