| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5547 |
| DP5547 International Trade with Competitiveness Effects in R&D | |
| Armando José Garcia Pires | |
| 发表日期 | 2006-03-12 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We explore the impact of European monetary union (EMU) on the economies of the member countries. While the annual dispersion in inflation rates have not been much different to the variation across US regions, inflation differentials in the euro area have been much more persistent, such that cumulative intra-EMU real exchange rate movements have been quite substantial. EMU has indeed contributed to greater economic integration - however, economic linkages with the rest of the world have also been growing strongly, such that the relative importance of intra-EMU trade has not dramatically increased. In terms of future risks, a severe economic downturn or financial crisis in a member country will be the proving ground for the political viability of EMU. |
| 主题 | International Macroeconomics |
| 关键词 | Emu Heterogeneity Integration |
| URL | https://cepr.org/publications/dp5547 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534392 |
| 推荐引用方式 GB/T 7714 | Armando José Garcia Pires. DP5547 International Trade with Competitiveness Effects in R&D. 2006. |
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