Mink, Mark; Jacobs, Jan; Haan, Jakob de - 2016
balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …We argue that if currency union member states have different potential output per capita, output growth rates, or trade … type also have larger imbalances of both other types, but a decline of one imbalance need not coincide with a decline of …