Quarterly Report on the Euro Area (QREA), Vol. 15, No. 3 (2016)

The Quarterly Report on the Euro Area is intended to contribute to a better understanding of economic developments in the euro area and to improve the quality of the public debate surrounding the area's economic policy. The third quarter of 2016 edition was divided into 3 parts. The first section explained that economic resilience can be strengthened by lowering a country’s vulnerability/exposure to economic shocks and/or by fostering its capacity to adjust to shocks that may occur. The second section analysed the macroeconomic policy mix of the euro area at the juncture of the time. The final part showed that assessing whether market liquidity had declined across asset classes was difficult, in part because market liquidity was typically gauged according to various criteria which might not always have pointed in the same direction.

European Commission: DG for Economic and Financial Affairs: How to make the Economic and Monetary Union more resilient? https://ec.europa.eu/info/sites/info/files/ip046_en_1.pdf

European Commission: DG for Economic and Financial Affairs: The policy mix, when monetary policy is constrained at the zero lower bound https://ec.europa.eu/info/sites/info/files/ip046_en_2.pdf

European Commission: DG for Economic and Financial Affairs: Market liquidity: a cause for concern? https://ec.europa.eu/info/sites/info/files/ip046_en_3.pdf

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