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 …

development, albeit the whole macroeconomic policy-mix of monetary, fiscal and wage policies as well as open economy conditions … are not the whole story, monetary policies, wage policies and open economy conditions matter as well. … ausschließlichen Konzentration auf die Geldpolitik als Stabilisierungsinstrument, wegen seiner mangelhaften Berücksichtigung der Rolle …

economy using Bayesian methods. We find that the model captures the key dynamics of the period surprisingly well. Importantly …

economy using Bayesian methods. We find that the model captures the key dynamics of the period surprisingly well. Importantly …