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|z 9781451848632
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|a 1018-5941
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|a Thomas, Alun.
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|a Relative Prices and Economic Adjustment in the U.S. and the EU :
|b A Real Story About European Monetary Union /
|c Alun Thomas, Tamim Bayoumi.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1994.
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|a 1 online resource (36 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Structural vector autoregressions are used to analyze the relationship between real output and relative prices within the EU and the United States, Relative price variability appears to be more important for adjustment within the EU than the United States, reflecting the lower integration of goods and factor markets. In the absence of higher market integration, the lower relative price variability implied by the introduction of a single currency in the EU could well cause significant economic disruption.
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|a Mode of access: Internet
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|a Bayoumi, Tamim.
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|a IMF Working Papers; Working Paper ;
|v No. 1994/065
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1994/065/001.1994.issue-065-en.xml
|z IMF e-Library
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