This report presents comprehensive analysis and policy-relevant findings on the quality of life in three EU candidate countries: Croatia, the former Yugoslav Republic of Macedonia and Turkey (the CC3). Findings are based on Eurofound’s second European Quality of Life Survey (EQLS 2007)....

We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the microeconomic mechanisms that lead to this trade-off,...