Regional characteristics, monetary union and regional income volatility

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Title: Regional characteristics, monetary union and regional income volatility
Authors: Barry, Frank
Permanent link: http://hdl.handle.net/10197/1252
Date: May-2001
Abstract: Relatively little attention has been paid to the issue of how individual regions will fare as a consequence of the national decision on whether or not to adopt the single European currency. Regional welfare is influenced by both mean income and volatility. The present paper focuses on volatility. We develop a model of a regionally-integrated macroeconomy to explore how the income variance implied by the national decision on EMU is distributed across a country's regions. The model suggests that weaker regions are likely to do better than stronger regions with respect to volatility if the national economy participates in EMU.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Keywords: Monetary UnionRegional IncomeVolatility
Subject LCSH: Economic and Monetary Union
Regional economics
Other versions: http://www.ucd.ie/economics/research/papers/2001/WP01.11.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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