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Policy Brief: Why are Macroeconomic Imbalances so Important for the EMU?

EconPol Policy Brief
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Are convergent growth rates a sine-qua-non condition for a monetary union? Is there any economic tendency towards this outcome? Economist Roberto Tamborini, Università di Trento, says: "Higher growth across Europe is a valuable aim but is the devotion to pro-growth and convergence policies and to the formalisation of the convergence process in Europe's Economic and Monetary Union the correct answer? The EconPol Europe network partner recommends quickly having a closer look.