Dunn, Jr., Robert M. (2007) EMU Convergence: Reason for Encouragement. ACES Working Paper (Report) No. 6, 2007. [Working Paper]
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Abstract
The purpose of this paper is to investigate whether convergence is actually occurring within Europe, which groups of countries are converging, and the macroeconomic indicators for which such convergence is apparent. Free trade and a single currency should lead to convergence in rates of inflation, but perhaps not in unemployment rates or in GDP growth. These latter aspects of economic performance are politically important, because the voters become decidedly displeased if unemployment is high and growth slow, as has been the case in France, Germany, and Italy during recent years.
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Item Type: | Working Paper |
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Subjects for non-EU documents: | EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro |
Subjects for EU documents: | UNSPECIFIED |
EU Series and Periodicals: | UNSPECIFIED |
EU Annual Reports: | UNSPECIFIED |
Series: | Series > American Consortium on European Union Studies > ACES Working Papers |
Depositing User: | Phil Wilkin |
Official EU Document: | No |
Language: | English |
Date Deposited: | 07 Jan 2015 14:49 |
Number of Pages: | 15 |
Last Modified: | 07 Jan 2015 14:49 |
URI: | http://aei-dev.library.pitt.edu/id/eprint/59043 |
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