Paul De Grauwe
The Euro at Ten: Achievements and Challenges
in: Ten Years EMU. Selected Papers from the 2008 Annual Meeting of the Austrian Economic Association
Empirica, 2009, 36(1), S.5-20, http://www.springer.com/10663
In this paper we discuss the achievements and the challenges of the Eurozone. We first analyse the record with respect to inflation. Second, we discuss the degree of price transparency in the Eurozone. Next we analyse the extent to which monetary union has promoted faster economic growth. Fourth, we study the challenges that arise from the increasing divergencies of wages and prices within the Eurozone. We conclude with a discussion of the governance of the Eurozone and the political issues to which this leads.
Keywords:Eurozone Monetary union Governance Inflation Money targeting
Forschungsbereich:Makroökonomie und öffentliche Finanzen
Sprache:Englisch