Showing 1 - 10 of 1,003
The Euro system maintains a high level of transparency in all aspects of operations, demonstrating a strong … development of financial markets proceed in a uniform basis. Executive Directors suggests that the European Central Bank (ECB …
Persistent link: https://www.econbiz.de/10014407414
facilitating the resolution of global imbalances while sustaining robust global growth. China, the euro area, Japan, Saudi Arabia …
Persistent link: https://www.econbiz.de/10014409833
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs … adjustment in the euro area as a whole and at the disaggregated level …
Persistent link: https://www.econbiz.de/10014406861
The euro area continues to perform well, owing to its sustained employment creation, rising disposable income, buoyant … fundamentals had produced robust area-wide growth. They cautioned that high oil prices and a weak euro might undermine prevailing …
Persistent link: https://www.econbiz.de/10014407384
The economic conditions in the euro area have brightened. Executive Directors commended the policy stance of the … European Central Bank. They noted that the exchange rate developments of the euro failed to strengthen the euro area economy …
Persistent link: https://www.econbiz.de/10014401709
For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite …—employment-friendly wage settlements point to sustained activity in the near term. Moreover, the macroeconomic fundamentals in the euro area …
Persistent link: https://www.econbiz.de/10014401965
This paper examines the monetary and exchange rate policies of the euro area and the trade policies of the European … Union. The paper highlights that the overall economic performance of the euro area has been disappointing: growth has been …
Persistent link: https://www.econbiz.de/10014406355
This paper reviews the pros and cons of institutionalized constraints limiting the freedom of national budgetary policies within an Economic and Monetary Union (EMU) in Europe. The issue is approached from three angles: the influence of EMU on (i) budget discipline; (ii) intergenerational equity...
Persistent link: https://www.econbiz.de/10014396369
A series of adverse supply and demand shocks have brought the euro area’s three-year expansion to a virtual standstill … performance of the euro area …
Persistent link: https://www.econbiz.de/10014407410