Abstract
We study the extent of macroeconomic convergence/divergence among euro area countries. Our analysis focuses on four variables (unemployment, inflation, relative prices and the current account), and seeks to uncover the role played by monetary union as a convergence factor by using non-euro developed economies and the pre-EMU period as control samples.
Published as:
Patterns of Convergence and Divergence in the Euro Area
in IMF Economic Review
January, 2013