Monetary and Exchange Rate Policies of the Euro Area--The Euro Area Stability Programs PDF Download
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Author: International Monetary Fund
Publisher:
ISBN: 9781280894855
Category : Fiscal policy
Languages : en
Pages : 32
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Book Description
Author: International Monetary Fund
Publisher:
ISBN: 9781280894855
Category : Fiscal policy
Languages : en
Pages : 32
Get Book Here
Book Description
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451812916
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
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, assesses the previous fiscal developments, and analyzes the medium-term prospects implied by the new SPs. The study describes the revised stability program and also the past and prospective fiscal adjustment in the euro area as a whole and at the disaggregated level.
Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451812862
Category : Business & Economics
Languages : en
Pages : 47
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Book Description
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, and stressed the need for fiscal discipline, structural reforms, and wage moderation at the national level to maintain price stability in the medium term. They emphasized the need for deeper integration of European Union financial markets, development of risk capital, and improvement of the quality and sustainability of public finances.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451812965
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive policy mix. High household and business confidence, rising capacity utilization and industrial production, strong job creation, and—so far—employment-friendly wage settlements point to sustained activity in the near term. Moreover, the macroeconomic fundamentals in the euro area appear much sounder than in previous recoveries.
Author: Marco Annunziata
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 36
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Book Description
Monetary and Exchange Rate Policies of the Euro Area
Author:
Publisher:
ISBN:
Category : European Union countries
Languages : en
Pages : 32
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Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451812981
Category : Business & Economics
Languages : en
Pages : 120
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Book Description
This paper examines monetary and exchange rate policies of the euro area. The paper reviews the European Central Bank’s definition of price stability, and examines the factors determining “the optimal rate of inflation” in the euro area. It reviews the benefits of price stability, including the reduction in the distortions of savings and investment behavior that stem from the interaction between nominal tax systems and inflation. It then goes on to evaluate arguments for maintaining a small positive inflation rate in the context of the euro area.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451812973
Category : Business & Economics
Languages : en
Pages : 63
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Book Description
A series of adverse supply and demand shocks have brought the euro area’s three-year expansion to a virtual standstill. Buoyant labor markets, which have been the hallmark of the recovery since 1997, have succumbed only gradually to the slowing of output growth. The slowdown has been pervasive throughout the area, albeit unevenly and with different cyclical implications. Recent travails notwithstanding, the second half of the 1990s saw a significant improvement in the macroeconomic performance of the euro area.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451812930
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
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 weaker and inflation higher than generally expected. To a large extent, this is the result of a series of unanticipated shocks—oil prices and animal diseases earlier, and the global slowdown and the associated financial market turmoil more recently. However, the performance also appears to reflect a greater-than-anticipated vulnerability to shocks.
Author: Christos V. Gortsos
Publisher: buch & netz
ISBN: 3038057045
Category : Law
Languages : en
Pages : 220
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Book Description
This study, completed in April 2024, aims at comprehensively presenting and thoroughly analysing the legal framework governing the definition and implementation of the single monetary policy in the euro area during the first twenty-five years of the Eurosystem’s operation. In this historical context, the focus is on the legal aspects pertaining to the definition and implementation of this single monetary policy since the establishment of the Eurosystem on 1 January 1999 amidst, and in response to, several financial and non-financial crises which erupted in the course of that period (and in particular since 2007, which marked the onset of the Global Financial Crisis). The ultimate goal is to highlight the significant contribution and the importance of the legal framework in shaping the single monetary policy of the Eurosystem, in normal times and at times of stress. The study is structured in two key chapters entitled “The Single Monetary Policy in the Euro Area: Definition and Legal Framework” and “Implementation of the Single Monetary Policy in the Euro Area in Periods of Crises”. The Epilogue (Chapter 3), entitled “Considerations on the Impact of Monetary Policy Decisions on Financial Stability in the Euro Area” discusses the interaction between monetary policy and financial stability, as well as the latest (until April 2024) financial stability conditions in the euro area through the lens of international and EU official reports, taking also into account the (spring 2023) banking turmoil.
