ABSTRACT
To what extent can we observe economic policy convergence among the set of countries that gave up their national currencies for the euro in 1999? 1 Have these economic and monetary union (EMU) national economies converged on more similar economic growth, employment and inflation outcomes as a result of using a common currency and taking the same short-term interest rate from the European Central Bank (ECB)? How does the convergence experience within the euro area compare to that of Western European national economies remaining outside of the euro area?
