IMF Staff Country Reports

Euro Area Policies: Selected Issues

September 16, 2003

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. "Euro Area Policies: Selected Issues", IMF Staff Country Reports 2003, 298 (2003), accessed April 19, 2025, https://doi.org/10.5089/9781451812947.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment is also discussed. A better understanding of the economic behavior underlying limited pass-through is an important consideration for investigating the implications of currency fluctuations and the pattern of external adjustment. The impulse-response patterns suggest a high degree of local currency pricing in import prices and producer currency pricing in export prices.

Subject: Aging, Expenditure, Inflation, Labor, Pension reform, Pension spending, Pensions, Population and demographics, Prices

Keywords: Aging, CR, Eastern Europe, EU enlargement, Euro area, Europe, Global, Inflation, Inflation expectation, ISCR, Pension reform, Pension spending, Pension spending-GDP ratio, Pensions, Price, Supply and demand demand shock

Publication Details

You May Also Be Interested In...

Enhancing Governance in Niger: Progress, Challenges, and Policy Priorities

April 18, 2025

Estimating Potential Output in Niger: Niger

April 18, 2025

Foreign Exchange Intervention Through the Lens of the Quantitative Integrated Policy Framework: The Case of Albania

April 16, 2025

Fostering Capital Markets and Institutional Investor Development in Oman: Oman

April 15, 2025