ou are an economic advisor to the government of Piresia, this beautiful country, which thinks about joining a currency area where the Common International Currency (CIC) is used. Some argue that loosing autonomous monetary policy is a great risk to the country, while others say that this risk is low. Data shows that in the past 5 years there were 3 quarters when the gap between the Piresian GDP growth rate and the growth rate of the CIC zone was less than 1.5% point. What advice would you give to the government based on this information?

Explain your answer!