Monetary and Exchange Rate Policies of the Euro Area

April 20, 2001

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Monetary and Exchange Rate Policies of the Euro Area, (USA: International Monetary Fund, 2001) accessed December 23, 2024

Summary

The euro area continues to perform well, owing to its sustained employment creation, rising disposable income, buoyant internal demand, and low inflation. Executive Directors agreed that favorable external developments and sound macroeconomic fundamentals had produced robust area-wide growth. They cautioned that high oil prices and a weak euro might undermine prevailing wage moderation and set in motion domestic inflation pressures. They emphasized the need to tighten monetary and fiscal policies, and accelerate structural reforms to sustain economic growth.

Subject: Consumer prices, Exchange rates, Fiscal policy, Fiscal stance, Inflation, Oil prices, Price stabilization, Prices

Keywords: Consumer prices, Core inflation, CR, ECB official, Euro, Euro area, Financial market, Fiscal stance, Global, Headline inflation, Headline inflation inflation rate, Inflation, Inflation prospects, ISCR, Monetary policy, Oil price, Oil prices, Price stability, Price stabilization, U.S. dollar

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/060
Stock No:

1EUREA0012001
ISBN:

9781451812879
ISSN:

1934-7685

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