Relative Prices and Economic Adjustment in the U.S. and the EU : A Real Story About European Monetary Union /

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 a...

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Dettagli Bibliografici
Autore principale: Thomas, Alun
Altri autori: Bayoumi, Tamim
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1994.
Serie:IMF Working Papers; Working Paper ; No. 1994/065
Accesso online:Full text available on IMF