Add to ORKGThis paper empirically investigates output and consumption asymmetries in the Eurozone and enlarged EU over the period 1992-2007, and their consequences for monetary policy. Our results reveal that the introduction of the euro has little impact on output asymmetry so far; however, it has led to somewhat greater consumption smoothing. The UK, Denmark and Sweden are no less asymmetric than the average Eurozone member state and could probably enter the EMU without significant macroeconomic costs. New EU member states are diverse but display higher output and, in particular, consumption asymmetries. This warrants caution against too quick expansion of the EMU.Integration, Macroeconomic Asymmetries, Welfare Gains, Risk Sharing, Euro
We find that risk sharing in the European Union (EU) has been increasing over the past decade due to...
In this article we analyse how the enlargement of a monetary union may affect the design of the comm...
In this paper we analyse how the enlargement of a monetary union may affect the design of the common...
This paper empirically investigates output and consumption asymmetries in the Eurozone and enlarged ...
On May 1, 2004, ten countries entered the European Union. These new member states are expected to ad...
Both the successes and failures of the European Central Bank (ECB) will affect not only members of t...
In this article we analyse how the enlargement of a monetary union may affect the design of the comm...
In a monetary union such as the Euro Area, monetary policy can only address common shocks. Adjustmen...
Since the euro was launched, divergences in European economies'evolutions have been more significant...
We investigate the possible existence of asymmetries among Euro Area countries reac- tions to the Eu...
We investigate the possible existence of asymmetries among Euro Area countries reac- tions to the Eu...
We investigate the possible existence of asymmetries among Euro Area countries reac- tions to the Eu...
15 p.The recent sovereign debt crisis in Europe, now a Eurozone crisis, has prompted a growing aware...
15 p.The recent sovereign debt crisis in Europe, now a Eurozone crisis, has prompted a growing aware...
In this article we analyse how the enlargement of a monetary union may affect the design of the comm...
We find that risk sharing in the European Union (EU) has been increasing over the past decade due to...
In this article we analyse how the enlargement of a monetary union may affect the design of the comm...
In this paper we analyse how the enlargement of a monetary union may affect the design of the common...
This paper empirically investigates output and consumption asymmetries in the Eurozone and enlarged ...
On May 1, 2004, ten countries entered the European Union. These new member states are expected to ad...
Both the successes and failures of the European Central Bank (ECB) will affect not only members of t...
In this article we analyse how the enlargement of a monetary union may affect the design of the comm...
In a monetary union such as the Euro Area, monetary policy can only address common shocks. Adjustmen...
Since the euro was launched, divergences in European economies'evolutions have been more significant...
We investigate the possible existence of asymmetries among Euro Area countries reac- tions to the Eu...
We investigate the possible existence of asymmetries among Euro Area countries reac- tions to the Eu...
We investigate the possible existence of asymmetries among Euro Area countries reac- tions to the Eu...
15 p.The recent sovereign debt crisis in Europe, now a Eurozone crisis, has prompted a growing aware...
15 p.The recent sovereign debt crisis in Europe, now a Eurozone crisis, has prompted a growing aware...
In this article we analyse how the enlargement of a monetary union may affect the design of the comm...
We find that risk sharing in the European Union (EU) has been increasing over the past decade due to...
In this article we analyse how the enlargement of a monetary union may affect the design of the comm...
In this paper we analyse how the enlargement of a monetary union may affect the design of the common...