Kingdom of the Netherlands-Netherlands: Selected Issues-Cyclically Advanced Euro-Area Economies: Consequences and Policy Options

July 5, 2001

Preview Citation

Format: Chicago

Kingdom of the Netherlands-Netherlands: Selected Issues-Cyclically Advanced Euro-Area Economies: Consequences and Policy Options, (USA: International Monetary Fund, 2001) accessed December 23, 2024

Summary

Although the advent of the single currency has generated many advantages for the smaller economies of the euro area, it has raised the possibility that both the amplitude and the duration of cycles in these countries will prove greater than in the past. In the absence of country-specific monetary instruments, discretionary fiscal policy is the only macroeconomic instrument available for influencing aggregate demand in the short term. A business cycle boom may provide a desirable medium-term fiscal position with little risk to growth.

Subject: Asset prices, Fiscal policy, Housing prices, Inflation, Labor, Labor markets, Prices

Keywords: Aggregate demand, Asset price, Asset prices, Business cycle, CR, Current account, Euro area, Europe, Global, House price, Housing prices, Inflation, Inflation differential, ISCR, Labor markets, Price boom, Price inflation, Unemployment rate

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/095
Stock No:

1NLDEA0022001
ISBN:

9781451829433
ISSN:

1934-7685

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