Archived. Final update 27 March 2009.
In May 2008, it was 10 years since the final decision in May 1998 to move to the third and final stage of EMU – together with the decision on which Member States would participate – followed by the launch of the euro on 1 January 1999.
The EMU@10 project had three dimensions:
- assessing the economic achievements of the euro area’s first decade,
- identifying current and future challenges, and
- developing policy proposals in response to those challenges.
In addition to its large-scale internal research project, DG ECFIN involved leading external researchers and financed a series of essays and studies.
Economic Papers
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348 [2008] Costs and benefits of running an international currency - Elias Papaioannou (Dartmouth College and CEPR) and Richard Portes (London Business School and CEPR)
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347 [2008] The role of the euro in Sub-Saharan Africa and in the CFA franc zone - Martin Hallet, European Commission
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345 [2008] Global Impact of a Shift in Foreign Reserves to Euros - Fritz Breuss , Europainstitut and Department of Economics, Vienna University of Economics and Business Administration, Werner Roeger , European Commission, Jan in ’t Veld , European Commission
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344 [2008] Fiscal Policy, intercountry adjustment and the real exchange rate within Europe - Christopher Allsopp (University of Oxford) and David Vines (University of Oxford and Australian National University)
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343 [2008] Implications of EMU for Global Macroeconomic and Financial Stability - Björn Döhring and Heliodoro Temprano-Arroyo, European Commission
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341 [2008] How product market reforms lubricate shock adjustment in the euro area - Jacques Pelkmans (College of Europe and Vlerick School of Management), Lourdes Acedo Montoya (CEPS), Alessandro Maravalle (College of Europe)
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340 [2008] Mobility in Europe – Why it is low, the bottlenecks, and the policy solutions - Alexandre Janiak (Sciences Po, ULB and Universidad de Chile and Etienne Wasmer (Sciences Po, OFCE)
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338 [2008] Labour Markets in EMU – What has changed and what needs to change - Giuseppe Bertola (Università di Torino and CEPR)
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330 [2008] ECB Credibility and Transparency - Petra M. Geraats
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328 [2008] The Evolution of Economic Governance in EMU - P. van den Noord, B. Döhring, S. Langedijk, J. Nogueira Martins, L. Pench, H. Temprano-Arroyo and M. Thiel
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324 [2008] Defying the 'Juncker Curse’: Can Reformist Governments Be Re-elected? - Marco Buti, Alessandro Turrini, Paul Van den Noord, and Pietro Biroli
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323 [2008] Fiscal policy and the cycle in the Euro Area: The role of government revenue and expenditure - Alessandro Turrini
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321 [2008] Study on the Impact of the Euro on Trade and Foreign Direct Investment - Richard Baldwin, Virginia DiNino, Lionel Fontagné, Roberto A. De Santis and Daria Taglioni
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318 [2008] The Impact of EMU on Growth and Employment - Ray Barrell, Sylvia Gottschalk, Dawn Holland, Ehsan Khoman, Iana Liadze and Olga Pomerantz
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317 [2008] The international role of the euro: a status report - Elias Papaioannou and Richard Portes
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316 [2008] Government size and output volatility: should we forsake automatic stabilization?- Xavier Debrun, Jean Pisani-Ferry and André Sapir
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314 [2008] The ECB and the bond market - Carlo Favero and Francesco Giavazzi
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312 [2008] Financial Market Integration under EMU - Tullio Jappelli and Marco Pagano
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311 [2008] Economic governance in an enlarged euro area - Iain Begg
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310 [2008] Taxation Policy in EMU - Julian Alworth (Said Business School Oxford University and Econpubblica – Università Bocconi) and Giampaolo Arachi (Università del Salento and Econpubblica – Università Bocconi)
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309 [2008] The Impact of the Euro on International Stability and Volatility - Stefan Gerlach and Mathias Hoffmann
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308 [2008] A Modern Reconsideration of the Theory of Optimal Currency Areas - Giancarlo Corsetti
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307 [2008] A Long Term Perspective on the Euro - Michael Bordo and Harold James
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306 [2008] EMU’s Decentralized System of Fiscal Policy - Jürgen von Hagen and Charles Wyplosz
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305 [2008] Coordination without Explicit Cooperation: Monetary-Fiscal Interactions in an Era of Demographic Change - Andrew Hughes Hallett
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304 [2008] Euro Area Enlargement and Euro Adoption Strategies - Zsolt Darvas and György Szapáry
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303 [2008] Sui Generis EMU - Barry Eichengreen
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302 [2008] European Economic and Monetary Integration, and the Optimum Currency Area Theory - Francesco Paolo Mongelli
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301 [2008] The effectiveness and efficiency of public spending - Ulrike Mandl, Adriaan Dierx and Fabienne Ilzkovitz
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300 [2008] Government expenditure and economic growth in the EU: long-run tendencies and short-term adjustment - Alfonso Arpaia and Alessandro Turrini
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299 [2008] Hedging and invoicing strategies to reduce exchange rate exposure – a euro-area perspective - Björn Döhring
European Economy Research Letter
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