Monetary and Exchange Rate Policies of the Euro Area: The Euro Area Stability Programs
May 11, 2000
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This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs, assesses the previous fiscal developments, and analyzes the medium-term prospects implied by the new SPs. The study describes the revised stability program and also the past and prospective fiscal adjustment in the euro area as a whole and at the disaggregated level.
Subject: Debt reduction, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt
Keywords: aggregate debt-to-GDP ratio, area country, CR, debt, debt ratio, deficit, euro, Euro area, Fiscal consolidation, Fiscal stance, ISCR, ratio, reduction target, revenue ratio, stability program
Pages:
30
Volume:
2000
DOI:
Issue:
063
Series:
Country Report No. 2000/063
Stock No:
1EUREA0022000
ISBN:
9781451812916
ISSN:
1934-7685
