IMF Staff Country Reports

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

July 31, 2007

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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, (USA: International Monetary Fund, 2007) accessed September 19, 2024

Summary

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.

Subject: Banking, Financial services, Income, Inflation, Labor, National accounts, Price stabilization, Prices

Keywords: Area authorities, Area flow, Area trade, Core inflation, CR, ECB data, Euro, Euro area policy, Europe, Global, Headline inflation, Income, Inflation, ISCR, Labor cost indicator, Price stabilization

Publication Details

  • Pages:

    69

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/260

  • Stock No:

    1EUREA2007002

  • ISBN:

    9781451813074

  • ISSN:

    1934-7685