Overview:
• What is an optimal currency area? (Mundell, 1961)
• Modifications, extensions
• Central bank credibility as a criterion: The Barro-Gordon model
• More on the exchange rate as an adjustment mechanism: The role of non-traded goods prices
• Is Europe an optimal currency area ? The empirical evidence on the Mundell and other criteria

by Prof. Burda

#macroeconomics #europe #integration #mundell #centralbank #barro-gordon

further helpful content:
Macroeconomics I: [ Ссылка ]_

Macroeconomics II:
[ Ссылка ]

MacroNotes:
[ Ссылка ]

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