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This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of...
Persistent link: https://www.econbiz.de/10012678337
EXECUTIVE SUMMARYEuroclear Bank is a securities settlement system that contributes to the safety and efficiency of global markets for government bonds and other international securities but also concentrates systemic risk. It is one of the largest securities settlement systems worldwide with a...
Persistent link: https://www.econbiz.de/10012677395
to revisit the ECB's balance sheet policy. With inflation running above target, the monetary accommodation provided by …'s balance sheet policy. With inflation running above target, the monetary accommodation provided by the ECB's bond holding is no …
Persistent link: https://www.econbiz.de/10015059226
inflation has fallen sharply recently after reaching record high levels, core inflation is proving more persistent. As tight … financial conditions restrain demand and supply shocks dissipate further, inflation is set to decline further but is expected to … inflation and hurt growth. On the upside, the economy could again prove more resilient than expected, especially amid a still …
Persistent link: https://www.econbiz.de/10015059227
This paper on Republic of Croatia focuses on representative rate for the Euro. The Council of the European Union decided on July 12, 2022 that the Republic of Croatia had fulfilled the necessary conditions for adoption of the euro with effect from January 1, 2023, and that the conversion rate...
Persistent link: https://www.econbiz.de/10015059705
This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased...
Persistent link: https://www.econbiz.de/10011243699
This Selected Issues paper focuses on sustainability of public finances and low inflation in Lithuania. Lithuania aims … to adopt the euro in 2015. Over the medium term, inflation in Lithuania will likely run somewhat higher than in the euro … area on average, but this will be driven by continuing income convergence. The long-term inflation track record is …
Persistent link: https://www.econbiz.de/10011244839
This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...
Persistent link: https://www.econbiz.de/10011243930
This Selected Issues paper on Euro Area Policies 2013 Article IV Consultation highlights the monetary transmission mechanism and monetary policies. The European Central Bank has announced the Outright Monetary Transactions framework to address severe distortions in sovereign bond markets and...
Persistent link: https://www.econbiz.de/10011243037
This staff paper on euro area policy 2013 Article IV Consultation discusses economic development and policies. Severe market stresses have subsided, although private borrowing costs have remained too high in the periphery. In these economies, sovereign borrowing costs have declined from...
Persistent link: https://www.econbiz.de/10011243670