Euro Area Policies: Selected Issues

September 16, 2003

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Format: Chicago

Euro Area Policies: Selected Issues, (USA: International Monetary Fund, 2003) accessed September 19, 2024

Summary

An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment is also discussed. A better understanding of the economic behavior underlying limited pass-through is an important consideration for investigating the implications of currency fluctuations and the pattern of external adjustment. The impulse-response patterns suggest a high degree of local currency pricing in import prices and producer currency pricing in export prices.

Subject: Aging, Expenditure, Inflation, Labor, Pension reform, Pension spending, Pensions, Population and demographics, Prices

Keywords: Aging, CR, Eastern Europe, EU enlargement, Euro area, Europe, Global, Inflation, Inflation expectation, ISCR, Pension reform, Pension spending, Pension spending-GDP ratio, Pensions, Price, Supply and demand demand shock

Publication Details

Pages:

109
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/298
Stock No:

1EUREA0022003
ISBN:

9781451812947
ISSN:

1934-7685

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