deflation in the largest economy of the Euro area, Germany, it is therefore required that the ECB raises its inflation target … Euroraum in den Mittelpunkt stellt. Die Arbeit konzentriert sich dann insbesondere auf die Determinanten der Geldpolitik, weil … und bei ihrer Politik ein größeres Gewicht auf das Wirtschaftswachstum legt. …

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …