Inflation and growth in EMU - IMF paper

Differences in growth and inflation in the eurozone are small, but persistent, shows this working paper from the IMF.

This paper's analysis of growth and inflation dispersions in the euro area reveals several findings.

First, these dispersions have declined appreciably since EMU; remaining dispersions are small but persistent, relating mainly to country-specific shocks, not differences in the transmission of common shocks.

Second, the different behavior of interest rates just before and after

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