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Inflation Differentials in the EU : A Common ( Factors ) Approach with Implications for EU8 Euro Adoption Prospects
International Monetary Fund - 2008
This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor … analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components …. Cross-country differences in common-origin inflation within the EU are found to depend on gaps in the initial price level …
Persistent link: https://www.econbiz.de/10014401399
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Euro Area Policies : Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Euro Area Policies
International Monetary Fund - 2006
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
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Euro Area Policies : Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Euro Area Policies
International Monetary Fund - 2004
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
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Monetary and Exchange Rate Policies of the Euro Area : The Euro Area Stability Programs
International Monetary Fund - 2000
This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs,...
Persistent link: https://www.econbiz.de/10014406861
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Euro Area Policies : Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Euro Area Policies
International Monetary Fund - 2003
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
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The Relevance of Fiscal Conditions for the Success of European Monetary Integration
International Monetary Fund - 1989
The paper argues that international differences in fiscal conditions influence the relative attractiveness of locating production facilities in different countries and could prove to be a troublesome source of instability for the European economies. Even though physical capital movements tend to...
Persistent link: https://www.econbiz.de/10014396443
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Fiscal Policy Independence in a European Monetary Union
International Monetary Fund - 1990
and German economies are considered: an appreciation of their joint exchange rate against other currencies, an inflation …
Persistent link: https://www.econbiz.de/10014396463
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Euro Area Policies : Staff Report for the 2012 Article IV Consultation with Member Countries
International Monetary Fund - 2012
The 2012 Article IV Consultation report on euro area policies highlights that investors are withholding funding from member states most in need, moving capital “north” and abroad to perceived safer assets. Executive Directors have noted that the euro area continues to face a number of...
Persistent link: https://www.econbiz.de/10014395494
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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area and the Trade Policies of the European Union : Staff Supplement; Public Information Notice on the Executive...
International Monetary Fund - 2002
weaker and inflation higher than generally expected. To a large extent, this is the result of a series of unanticipated …
Persistent link: https://www.econbiz.de/10014406355
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Fiscal Rules-Anchoring Expectations for Sustainable Public Finances
International Monetary Fund - 2009
The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules...
Persistent link: https://www.econbiz.de/10014410177