IMF Staff Country Reports

Portugal: Selected Issues

January 15, 1998

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Portugal: Selected Issues, (USA: International Monetary Fund, 1998) accessed November 22, 2024

Summary

This Selected Issues paper on Portugal reviews a set of issues of relevance to the regime change implied by European Monetary Union participation. It presents an empirical investigation of the business cycle in Portugal. The paper attempts to obtain a quantitative sense of the impact of monetary policy on the Portuguese economy, utilizing an unrestricted vector autoregression methodology to characterize the monetary transmission mechanism. It also examines some key forces at work in Portugal’s external sector from different vantage points.

Subject: Balance of payments, Economic growth, Foreign exchange, International trade, National accounts

Keywords: Anchor currency interest rate, Business cycles, Catch-up process, CR, Current account, Durable goods, Eastern Europe, EU accession, Europe, Exchange rate, Exchange rates, Export base, Exports, Income, Interest rate, ISCR, Northern Europe, Output fluctuation, Portugal, Primary sector, Prompt question

Publication Details

  • Pages:

    142

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1997/121

  • Stock No:

    1PRTEA0011997

  • ISBN:

    9781451832105

  • ISSN:

    1934-7685

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