This paper reviews recent research on central bank independence (CBI). After we have
distinguished between independence and conservativeness, research in which the …

This article provides an overview of recent research into the macroeconomic costs and
benefits of monetary unification. We are primarily interested in Europe's monetary union …

This paper brings together several strands of the literature on the endogenous effects of
monetary integration: ie, whether sharing a single currency may set in motion forces bringing …

This essay follows the synergies and complementarities between European Economic and
Monetary Union (EMU) and the optimum currency area (OCA) theory. Â Various …

This paper develops a model of job creation and job destruction in a growing economy with
embodied technical progress, which I use to analyze the political support for employment …

Will EMU accelerate or retard structural reform in labour and product markets? The
theoretical literature is ambiguous. New descriptive evidence provided in this paper …

This paper shows that the effects of a monetary union depend on several labour market
features. In particular, the switch from national monetary policies to a common monetary …

The paper distinguishes between the impact of the EMU on nominal wage flexibility and on
equilibrium real wage and unemployment levels. A perceived need to increase nominal …

The beginning of the Third Stage of Economic and Monetary Union in Europe (EMU for
short) has changed the quality of economic policy making of the member states. In the …

What explains Eurozone member-states' divergent exposure to Europe's sovereign debt
crisis? Deviating from current fiscal and financial views, From Convergence to Crisis focuses …