Euro Area Policies: Selected Issues

August 3, 2005

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Format: Chicago

Euro Area Policies: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment rates—a “wage curve”—in 20 industrial countries. It reviews euro area and cross-country developments in labor costs and their bivariate relationship with unemployment rates and business GDP. The paper also examines aspects of the European Central Bank’s monetary analysis, within the context of their overall two-pillar policy framework, and issues surrounding its use.

Subject: Asset prices, Banking, Commodity markets, Financial markets, Financial services, Housing prices, Inflation, Prices

Keywords: Asset prices, Bank, Banking sector, Central and Eastern Europe, Commodity markets, CR, EU bank, Europe, Global, House price, Housing prices, Inflation, ISCR, Labor market reform, Market, Product market regulation, Wage moderation, Wage-curve shift, Western Europe

Publication Details

Pages:

180
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/266
Stock No:

1EUREA2005002
ISBN:

9781451813029
ISSN:

1934-7685

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