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EMU and the euro – the first 10 years. Challenges to the sustainability and price stability of the euro area - what does history tell us? - Lars Jonung

Lars Jonung

EMU and the euro – the first 10 years. Challenges to the sustainability and price stability of the euro area - what does history tell us? - Lars Jonungpdf(247 kB) Choose translations of the previous link 

EMU and the euro will face a number of challenges in the future. Two such challenges are examined here:

  • first, the endurance prospects for the euro, and
  • second, the inflation performance of the euro area during the coming ten years.
How will it respond to them? This report provides a set of tentative answers based on the history of monetary unions and of stabilization policies. This body of evidence is exploited as the prime basis for conjectures and forecasts presented.
(European Economy. Economic Papers. 165. February 2002. Brussels. 45pp. Tab. Free.)

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