Euro Area Policies: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries

International Monetary Fund

No 2007/260, IMF Staff Country Reports from International Monetary Fund

Abstract: The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are within range of medium-term equilibrium. Stabilizing inflation below 2 percent might well require a further gradual tightening of monetary policy. Increased contestability and integration in the financial sector is also key to improving performance.

Keywords: ISCR; CR; euro; labor cost indicator; area authorities; core inflation; headline inflation; ECB data; area flow; area trade; Euro area policy; Inflation; Income; Price stabilization; Europe; Global (search for similar items in EconPapers)
Pages: 69
Date: 2007-07-31
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