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Euro Area Policies: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver behind the deceleration in labor productivity. The increase in bilateral trade was accompanied by a large bilateral EU trade deficit. China’s market share seems to have increased mainly at the expense of other East Asian countries. EU trade with China increased at more than twice the rate of total EU external trade, and China became the EU’s second largest trading partner.

Suggested Citation

  • International Monetary Fund, 2004. "Euro Area Policies: Selected Issues," IMF Staff Country Reports 2004/235, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/235
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17591
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    Citations

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    Cited by:

    1. Mr. Martin Cihak & Mr. Wim Fonteyne, 2009. "Five Years After: European Union Membership and Macro-Financial Stability in the New Member States," IMF Working Papers 2009/068, International Monetary Fund.
    2. repec:bla:jcmkts:v:45:y:2007:i::p:81-103 is not listed on IDEAS
    3. Helge Berger & Stephan Danninger, 2007. "The Employment Effects of Labor and Product Market Deregulation and Their Implications for Structural Reform," IMF Staff Papers, Palgrave Macmillan, vol. 54(3), pages 591-619, July.
    4. Zachary Kramer, 2019. "Fiscal Sovereignty under EU Crisis Management: A Comparison of Greece and Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 595-624, December.
    5. Luca Agnello & Vitor Castro & João Tovar Jalles & Ricardo M. Sousa, 2015. "Fiscal consolidation and financial reforms," Applied Economics, Taylor & Francis Journals, vol. 47(34-35), pages 3740-3755, July.
    6. Mr. Helge Berger & Mr. Stephan Danninger, 2005. "Labor and Product Market Deregulation: Partial, Sequential, or Simultaneous Reform?," IMF Working Papers 2005/227, International Monetary Fund.

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