153144 20260411074526.0 doi 10.1007/s10368-025-00657-9 sideral 143574 ART-2025-143574 eng (orcid)0000-0002-8816-5816 Peña, Guillermo Universidad de Zaragoza Adopting the euro does not work without political integration 2025 Access copy available to the general public Unrestricted A new empirical exercise for dealing the effects of monetary unions on welfare is developed. The estimates of the effects of adopting the euro using a sample of 216 countries for the 1960–2021 period apply a novel multiple-period differences-in-differences approach. They show a significant and robust negative effect on economic growth of adopting the euro, mainly for the countries with the highest income inequality. info:eu-repo/grantAgreement/ES/DGA/S15-24 info:eu-repo/grantAgreement/ES/DGA/S39-23R info:eu-repo/grantAgreement/ES/MICINN/PID2020-112773GB-I00 info:eu-repo/grantAgreement/ES/UZ/JIUZ2022-CSJ-19 info:eu-repo/semantics/openAccess by-nc-nd https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion 4000 415 Universidad de Zaragoza Dpto. Análisis Económico Área Fund. Análisis Económico 22, 30 (2025), [21 pp.] International Economics and Economic Policy 1612-4804 1002415 http://zaguan.unizar.es/record/153144/files/texto_completo.pdf Postprint info:eu-repo/date/embargoEnd/2026-04-02 1254721 http://zaguan.unizar.es/record/153144/files/texto_completo.jpg?subformat=icon icon Postprint info:eu-repo/date/embargoEnd/2026-04-02 oai:zaguan.unizar.es:153144 articulos driver 2026-04-10-13:53:50 ARTICLE