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OECD Economic Surveys: Euro Area 2005
OECD. Published by : OECD Publishing , Publication date:  07 Oct 2005
Pages: 144 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264011694 , OECD Code: 102005111P1
Price:   €42 | $58 | £37 | ¥5400 | MXN750
Availability: Out of print
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Other languages:  German (Available) French (Out of print)
Superseded by: OECD Economic Surveys: Euro Area 2014 - (Available)
Other Versions:  E-book - PDF Format
Subscription:  OECD Economic Surveys (Available)

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Frequency: Irregular   Tables: 24  Charts: 38 


This 2005 edition of OECD's periodic review of the Euro Area economy systematically reviews economic developments and makes policy recommendations. This issue concentrates on growth performance and resilience. The first chapter presents an overview of developments and challenges. The second chapter concentrates on monetary policy and exchange rates. The third chapter examines fiscal issues and the fourth examines means for driving growth including enhancing the functioning of labour markets, integrating services markets, fostering innovation, and structural reform.

Table of contents:

Executive Summary
Assessment and Recommendations
Chapter 1. Outlook and Challenges
-Recent Trends and Short-Term Projections
-Weak Resilience against a Backdrop of Slow Trend Growth
-Requirements for Economic Policy
Chapter 2. Current Issues in Monetary Policy
-The Policy Stance
-Inflation Responds Little to Slack
-Weak Monetary Transmission Despite Soaring House Prices
-The Exchange Rate - Ever Higher?
-Annex: Structural Settings and the Responsiveness of Inflation to Economic Slack
-Annex: Housing Costs and Inflation Measurement
Chapter 3. Putting the Fiscal House in Order
-The Framework
-The Experience to Date
-Reforming the Pact
Chapter 4. Going for Growth and Resilience
-Enhancing the Functioning of Labour Markets
-Integrating Services Markets
-The Potential Gains from Structural Reforms
Acronyms and Abbreviations
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