Monetary and Exchange Rate Policies of the Euro Area: Selected Issues

November 6, 2001

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

Summary

This Selected Issues paper estimates the potential output and the associated nonaccelerating inflation rate of unemployment in the euro area. The study presents a conceptual framework for analyzing currency movements, and highlights the transmission of import price shocks on consumer prices. The paper compares different measures of trend money growth, and analyzes the monetary conditions. The study describes the stability and growth pact, outlines a simple framework for studying fiscal policy behavior, and estimates European Union countries past cyclical fiscal policy responses to output growth fluctuations.

Subject: Automatic stabilizers, Exchange rates, Fiscal policy, Foreign exchange, Import prices, Inflation, Prices

Keywords: Automatic stabilizers, CR, EU country, Euro area, Exchange rates, Fiscal policy behavior, Global, Import price, Import prices, Inflation, ISCR, Price, Price shock, Reference value

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/201
Stock No:

1EUREA0042001
ISBN:

9781451812992
ISSN:

1934-7685

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