Monetary and Exchange Rate Policies of the Euro Area

International Monetary Fund

No 2001/060, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; euro; headline inflation; core inflation; U.S. dollar; headline inflation inflation rate; Euro area; price stability; inflation prospects; financial market; oil price; ECB official; monetary policy; Inflation; Fiscal stance; Price stabilization; Oil prices; Consumer prices; Global (search for similar items in EconPapers)
Pages: 26
Date: 2001-04-20
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Citations: View citations in EconPapers (9)

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