The paper is concerned with the link between monetary policy credibility and convergence among heterogeneous countries. The main question put forward in the analytical model is to what extent, in the process of economic integration, laggard economies will be able to cope with their productivity differentials with the advanced European economies, so avoiding to jeopardize the credibility of the monetary stance conducted by their central bank.
Farina, F. (2000). The Economics of the European Monetary Integration and the Convergence Problem. In European Economies in Transition (pp. 3-37). LONDON : Macmillan.
The Economics of the European Monetary Integration and the Convergence Problem
FARINA, FRANCESCO
2000-01-01
Abstract
The paper is concerned with the link between monetary policy credibility and convergence among heterogeneous countries. The main question put forward in the analytical model is to what extent, in the process of economic integration, laggard economies will be able to cope with their productivity differentials with the advanced European economies, so avoiding to jeopardize the credibility of the monetary stance conducted by their central bank.
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https://hdl.handle.net/11365/28506
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