Assuming an EMU, what are the economic effects of one? We saw last week that the EU was almost certainly not and OCA, yet the EU exists as a functioning currency area. What are the likely effects of this on growth amongst member states? We developed the canonical model used to describe economic growth, and expose this model to the facts. We also looked at capital and factor market integration.

Here are the lecture notes, here is the handout. A recording of the lecture is below.

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