The Euro at 20: a critical assessment

Christophe Blot (), Jerome Creel and Xavier Ragot
Additional contact information
Christophe Blot: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po

Working Papers from HAL

Abstract: Eurozone monetary governance was framed for a stable macroeconomic environment. While the ECB policy framework changed much after the global financial crisis, this did not prevent important nominal divergences. These ones prove the importance of non-monetary factors affecting relative nominal prices, such as fiscal policy and labor market institutions. New tools are necessary to limit these nominal divergences, otherwise real divergence will continue to weaken the euro. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.

Date: 2019-01
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03403622
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in European Parliament. 2019

Downloads: (external link)
https://sciencespo.hal.science/hal-03403622/document (application/pdf)

Related works:
Working Paper: The Euro at 20: a critical assessment (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-03403622

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().