The Euro at ten: achievements and challenges |
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Authors: | Paul De Grauwe |
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Institution: | (1) University of Leuven, Leuven, Belgium |
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Abstract: | In this paper we discuss the achievements and the challenges of the Eurozone. We first analyze the record with respect to
inflation. Second, we discuss the degree of price transparency in the Eurozone. Next we analyze the extent to which monetary
union has promoted faster economic growth. Fourth, we study the challenges that arise from the increasing divergencies of
wages and prices within the Eurozone. We conclude with a discussion of the governance of the Eurozone and the political issues
to which this leads. |
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Keywords: | |
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