Inflation convergence during the transition to EMU
Year: 1996
Type: report
Abstract: According to the Maastricht Treaty, EMS countries will be able to join EMU if their inflation rates are not more than 1.5% higher than the average of the three lowest inflation rates in the EMS. In this paper I analyse the likelihood of inflation rates converging to the levels set out in the Maastricht Treaty, and conclude that this is unlikely to be the case. I study whether the Maastricht convergence requirement for inflation rates is not needlessly tight.
Source: Lirias
Author: Paul De Grauwe
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1481852435