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The continuing weakness of activity in the euro area reflects an amalgam of cyclical and long-term forces that are likely to shape the outlook and to challenge policies. Financial conditions in the area have improved along with those in global markets, though financial fragilities may be...
Persistent link: https://www.econbiz.de/10014406180
The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial conditions. The final domestic demand growth remains subdued, and the area lags global growth by a large...
Persistent link: https://www.econbiz.de/10014406476
This 2016 Article IV Consultation highlights that the recovery in euro area has strengthened recently. Lower oil prices, a broadly neutral fiscal stance, and accommodative monetary policy are supporting domestic demand. However, inflation and inflation expectations remain very low, below the...
Persistent link: https://www.econbiz.de/10011675707
Cross-border financial integration has increased the need to make suitable multilateral arrangements for global financial cooperation and oversight – these include more intense and more effective financial sector surveillance by the International Monetary Fund (IMF). The financial sector has a...
Persistent link: https://www.econbiz.de/10012826992
Cross-border financial integration has increased the need to make suitable multilateral arrangements for global financial cooperation and oversight - these include more intense and more effective financial sector surveillance by the International Monetary Fund (IMF). The financial sector has a...
Persistent link: https://www.econbiz.de/10012259741
The 2023 Article IV Consultation discusses that the euro area economy has shown remarkable resilience in the aftermath of Russia's invasion of Ukraine and the largest terms of trade shock in several decades, thanks to a swift policy response and a strong rebound in contact-intensive services....
Persistent link: https://www.econbiz.de/10015059227
The euro area recovered from the economic doldrums. Executive Directors welcomed the recovery, supported by strong financial conditions, global growth, and improved financial positions. They encouraged the reformed Stability and Growth Pact over fiscal policies, and underscored the need for...
Persistent link: https://www.econbiz.de/10014404458
incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying … particular attention to modelling the exchange rate and monetary policy in China. Their findings suggest that the Chinese economy … real exchange rate more persistent. In addition, the authors’ model underscores the importance of spillovers from China to …
Persistent link: https://www.econbiz.de/10003996844
If policy makers in developing countries pursue "bad" economic policies, policy conditionality may provide financial leverage which induces them not to choose these policies. When is such policy conditionality beneficial? We point out that whether conditionality has a beneficial short run impact...
Persistent link: https://www.econbiz.de/10014118945