16 Blanchard, O., E. Cerutti and L. Summers (2016), “Inflation and activity – two explorations and their monetary  policy implications”, ECB, Inflation and Unemployment in Europe, Conference proceedings of the ECB Forum on Central Banking, pp. 25–46.
In doing so, it would seem natural to build on the insights coming from open economy macro literature for the international aspects, and closed economy macro literature for the domestic ones. But because of our unusual environment, I will need to draw from a third field as well, and one which is still under development: the “macroeconomics of monetary unions”.