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