EMU, exchange rate regimes, uncertainty and investment, UK membership

Publication date: 15 May 2003 | Publication type: NIESR Discussion Paper | Authors: Barrell, R, Hurst, I | JEL classification: F3, F4, E47 | NIESR discussion paper number: 209
The UK has to take a decision on EMU membership at some point, and the costs and benefits have to be evaluated. Different policy frameworks result in differing outcomes for the means and variances of economic variables such as inflation, output, and nominal and real exchange rates and interest...