Facing the Euro: Prospects for growth or stagnation?
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The introduction of the euro has been overshadowed by the controversy over the appointment of the president of the European central bank and the possible implications for the bank’s policies. The effects of the launching of the single currency on growth and employment depend on a multitude of factors, however. Professor Welfens analyses the potential benefits of EMU and discusses the problems to be solved.
KeywordsMonetary Policy Fiscal Policy Euro Area Real Interest Rate European Central Bank
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