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

Preview Citation

Format: Chicago

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 November 26, 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:

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DOI:

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Issue:

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Series:

Country Report No. 2007/260
Stock No:

1EUREA2007002
ISBN:

9781451813074
ISSN:

1934-7685

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