Monetary and Exchange Rate Policies of the Euro Area

International Monetary Fund

No 2000/046, IMF Staff Country Reports from International Monetary Fund

Abstract: The economic conditions in the euro area have brightened. Executive Directors commended the policy stance of the European Central Bank. They noted that the exchange rate developments of the euro failed to strengthen the euro area economy, and stressed the need for fiscal discipline, structural reforms, and wage moderation at the national level to maintain price stability in the medium term. They emphasized the need for deeper integration of European Union financial markets, development of risk capital, and improvement of the quality and sustainability of public finances.

Keywords: ISCR; CR; euro; ECB note; country; headline inflation; price stability; commodity price rise; firm foundation; Price stabilization; Inflation; Labor markets; Employment; Global; Europe (search for similar items in EconPapers)
Pages: 47
Date: 2000-04-03
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