Euro Area Policies

September 16, 2003

Preview Citation

Format: Chicago

Euro Area Policies, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

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 impairing the transmission to firms. The aging of the population could entail significant declines in potential output growth and lower expected lifetime income resources. Forward-looking policies are needed to improve the quality and ensure long-term sustainability.

Subject: Aging, Fiscal policy, Inflation, Labor, Labor markets, Macrostructural analysis, Population and demographics, Prices, Structural reforms

Keywords: Aging, Core inflation, CR, ECB's inflation objective, ECB's target, Equity price, Euro, Europe, Global, Headline inflation, Inflation, Inflation objective, ISCR, Labor markets, Longer-run inflation expectation, Structural reforms

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/297
Stock No:

1EUREA0012003
ISBN:

9781451812893
ISSN:

1934-7685

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