{"product_id":"economic-inequality-in-the-euro-area-von-greg-banach-und-shahdad-naghshpour","title":"Economic Inequality in the Euro Area","description":"\u003cp\u003eIn 2004, 10 new countries joined the European Union.  Seven of  these new entrants - Cyprus, Estonia, Latvia, Lithuania, Malta,  Slovakia and Slovenia ¿ are taking the necessary steps to get on the  Euro currency.  The remaining 3 new entrants - Czech Republic,  Hungary and Poland - are expected to follow eventually.  This  research is focused on the affect one uniform monetary policy will  have on the less developed countries that entered the European  Union (EU) in 2004.  One of the challenges facing the new entrants  involves the required implementation of monetary policy goals, even  though these new entrants do not have a vote on how monetary  policy is determined.  Monetary policy in the Euro-area is the  responsibility of the European Central Bank (ECB) who has a stated  goal price stability.  The present study explored whether the ECB had  proper focus on price stability for all countries in the Euro-area  community.  Using economic indicators for each country and the  funds rate of the ECB, the current study used a version of the Taylor  Rule and GMM modeling to test whether the ECB focused on price  stability for both old and new member countries.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838372990\"\u003e\u003ch3\u003eAre Monetary Policies Unfair for the New Entrants?\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838372990","offer_id":39499086561373,"sku":"9783838372990","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/bcd4aad5-124a-4c84-a13b-7ebc8902f3f8.jpg?v=1776320905","url":"https:\/\/shop.autorenwelt.de\/products\/economic-inequality-in-the-euro-area-von-greg-banach-und-shahdad-naghshpour","provider":"Autorenwelt Shop","version":"1.0","type":"link"}