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Monetary and Exchange Rate Policies of the Euro Area: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper estimates the potential output and the associated nonaccelerating inflation rate of unemployment in the euro area. The study presents a conceptual framework for analyzing currency movements, and highlights the transmission of import price shocks on consumer prices. The paper compares different measures of trend money growth, and analyzes the monetary conditions. The study describes the stability and growth pact, outlines a simple framework for studying fiscal policy behavior, and estimates European Union countries past cyclical fiscal policy responses to output growth fluctuations.

Suggested Citation

  • International Monetary Fund, 2001. "Monetary and Exchange Rate Policies of the Euro Area: Selected Issues," IMF Staff Country Reports 2001/201, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/201
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15461
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    Citations

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    Cited by:

    1. Camille Logeay & Silke Tober, 2006. "Hysteresis And The Nairu In The Euro Area," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(4), pages 409-429, September.
    2. Camille Logeay & Silke Tober, 2003. "Time-Varying Nairu and Real Interest Rates in the Euro Area," Economics Working Papers 024, European Network of Economic Policy Research Institutes.
    3. Jürgen Kromphardt & Camille Logeay, 2011. "Flattening of the Phillips Curve: Estimations and consequences for economic policy," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 8(1), pages 43-67.
    4. Mr. Erik J. Lundback, 2008. "Medium-Term Budgetary Frameworks - Lessons for Austria from International Experience," IMF Working Papers 2008/163, International Monetary Fund.

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