European Monetary Union: Badly Prepared for Big Crises
Abstract Even before the COVID-19 crisis, the European Monetary Union (EMU) exhibited an unsatisfactory economic development with low growth and inflation rates below the target rate of the central bank. Macroeconomic coordination among monetary and fiscal policy is necessary to fend off such large...
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Main Authors: | Michael Heine, Hansjörg Herr |
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Format: | Article |
Language: | deu |
Published: |
Sciendo
2021-05-01
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Series: | Wirtschaftsdienst |
Online Access: | https://doi.org/10.1007/s10273-021-2921-6 |
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