currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU …Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a … adjustment, the adjustment to a price shock in EMU might take several decades. …

adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability … currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU …Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a …

Veränderung der Standardabweichung bei Inflation und Wirtschaftswachstum um den Euro-Mittelwert zu kurz greift, da diese …

stability requires a discretionary economic policy. This position relies upon an analytical approach in which monetary and … nominal rigidities and financial commitment offer the means to achieve economic stability. This is because they prevent …

the convergence in labor productivity between EU member states, while the more likely low growth scenario shows a serious …

inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models …. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …