Monetary and Exchange Rate Policies of the Euro Area

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 c...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a United States 
653 |a Fiscal stance 
653 |a Inflation 
653 |a Energy: Demand and Supply 
653 |a Oil prices 
653 |a Deflation 
653 |a Fiscal Policy 
653 |a Currency 
653 |a Fiscal policy 
653 |a Consumer prices 
653 |a Price Level 
653 |a Government policy 
653 |a Foreign Exchange 
653 |a Prices 
653 |a Macroeconomics 
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653 |a Price stabilization 
653 |a Foreign exchange 
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520 |a 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