One Money, One Cycle?: Making Monetary Union a Smoother Ride
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In recent years the euro area has shown less resilience to the negative and largely OECD-wide common shocks than the English-speaking countries, but most of the smaller euro area countries have fared better than the large ones. This paper reviews policy issues that are important in fostering a speedy adjustment to shocks. We argue that the small...
