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- W2621222647 abstract "This is an empirical study on the effects of adopting a common currency, the euro, on a countryâs GDP, inflation rate, and public debt. It uses a synthetic counterfactual method, which predicts how the economy of a euro area member country would perform if, hypothetically, the country did not join the euro area. The results show that there is no generally positive or negative effect of using a common currency, but individual countries fare differently in different periods. A novelty in this paper is determining confidence intervals in the counterfactual method. Some examples concern Greece." @default.
- W2621222647 created "2017-06-09" @default.
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- W2621222647 date "2017-03-30" @default.
- W2621222647 modified "2023-10-16" @default.
- W2621222647 title "Macroeconomic Effects of the European Monetary Union: A Counterfactual Analysis" @default.
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- W2621222647 doi "https://doi.org/10.30958/ajbe.3.2.5" @default.
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