Felbermayr, Gabriel; Steininger, Marina - 2019
, we conduct an ex post evaluation of the European Monetary Union (EMU). In aggregate data, we find a significant average … estimation results into a quantitative general equilibrium model of world trade, we find that EMU has increased real incomes in … all EMU countries, albeit at different rates. E.g., incomes have increased by 0.3, 0.6, and 2.1 percent in Italy, Germany …