Grüner, Hans Peter - In: European Journal of Political Economy 26 (2010) 1, pp. 1-11
About a decade ago, papers by Grüner and Hefeker (1999) and Cukierman and Lippi (2001) predicted that European Monetary Union may lead to higher inflation and unemployment in some participating countries. Meanwhile, we know that these predictions have not come true. The present paper develops a...
