Growth and Adjustment Challenge for the Euro Area

Philip Lane

The Institute for International Integration Studies Discussion Paper Series from IIIS

Abstract: This paper reviews the growth record of the member countries of the euro area and assesses the outlook for future economic performance. We describe how the external and fiscal adjustment challenges facing the euro periphery amplify the growth risks facing these countries. We address how growth prospects can be improved by shifts in the macroeconomic policy mix, carefully-timed structural reforms, debt restructuring and the resolution of the existential crisis facing the euro area.

Keywords: euro crisis; structural reform; external adjustment (search for similar items in EconPapers)
JEL-codes: E63 F32 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-05
New Economics Papers: this item is included in nep-eec, nep-fdg and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: GROWTH AND ADJUSTMENT CHALLENGES FOR THE EURO AREA (2013)
Working Paper: Growth and Adjustment Challenge for the Euro Area (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:iis:dispap:iiisdp426

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