Frequency: Irregular
Tables: 19
Charts: 36
Electronic format: Acrobat PDF
Description
OECD's periodic review of the euro area economy. This edition examines whether the recovery is sustainable. Its chapters cover managing diversity, monetary policy and fiscal policy.
Table of contents:
Executive Summary Assessment and Recommendations Chapter 1. Managing Diversity -Recent Economic Performance -Is Monetary Union Fostering Economic Union? -The Gains from the Single Currency Are Being Offset by a Lack of Resilience -Summing Up: Making Monetary Union a Smoother Ride Annex 1.A1. Entry Criteria for the Euro Area Chapter 2. Monetary Policy -The Monetary Stance -Global Imbalances May Adversely Affect the Euro Area -The Transmission Mechanism Could be Made More Powerful -The Role of Monetary Aggregates in Monetary Policy Annex 2.A1. Headline and Core Inflation: What Attracts What? Annex 2.A2. Is Money a Useful Indicator? Chapter 3. Putting Fiscal Policy Back on Track -There Has Been No Improvement in the Area-Wide Fiscal Position since 1999 -Policy Changes Are Needed Glossary