Independent monetary policies, synchronised outcomes
Henriksen, Espen, Kydland, Finn & Šustek, Roma. The monetary policy for Eurozone members is one-size-fits-all in an economic area rife with economic differences. Does this really make a difference? This column argues that even if each EZ member state had a fully independent monetary authority, monetary policies would likely still appear highly synchronised across EZ members. Πηγή: […]