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The Maastricht convergence criteria and optimal monetary policy for the EMU accession countries

Lipinska, Anna
Munich Personal RePEc Archive · Reports
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The EMU accession countries are obliged to fulfill the Maastricht convergence criteria prior to entering the EMU. What should be the optimal monetary policy satisfying these criteria? To answer this question, the paper proposes a DSGE model of a two-sector small open economy. First, I derive the mic
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