EMU and the euro - the first 10 years. Challenges to the sustainability and price stability of the euro area - what does history tell us?

Lars Jonung ()

No 165, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: EMU and the euro will face a number of challenges in the future. Two such challenges are examined here:first, the endurance prospects for the euro, and second, the inflation performance of the euro area during the coming ten years. How will it respond to them? This report provides a set of tentative answers based on the history of monetary unions and of stabilization policies. This body of evidence is exploited as the prime basis for conjectures and forecasts presented.

Keywords: Monetary unions; EMU; ECB; the euro; monetary and fiscal policies; Jonung (search for similar items in EconPapers)
Pages: 45 pages
Date: 2002-02
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0165

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