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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Bibliographic Details
Main Authors: Michael Heine, Hansjörg Herr
Format: Article
Language:deu
Published: Sciendo 2021-05-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-021-2921-6
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