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EMU Convergence: Reason for Encouragement. ACES Working Paper (Report) No. 6, 2007

Dunn, Jr., Robert M. (2007) EMU Convergence: Reason for Encouragement. ACES Working Paper (Report) No. 6, 2007. [Working Paper]

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    The purpose of this paper is to investigate whether convergence is actually occurring within Europe, which groups of countries are converging, and the macroeconomic indicators for which such convergence is apparent. Free trade and a single currency should lead to convergence in rates of inflation, but perhaps not in unemployment rates or in GDP growth. These latter aspects of economic performance are politically important, because the voters become decidedly displeased if unemployment is high and growth slow, as has been the case in France, Germany, and Italy during recent years.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > American Consortium on European Union Studies > ACES Working Papers
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 07 Jan 2015 14:49
    Number of Pages: 15
    Last Modified: 07 Jan 2015 14:49

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