The EU Economy 2006 Review. Adjustment dynamics in the euro area. Experiences and Challenges

Author (Corporate)
Publisher
Series Title
Series Details No.6, 2006
Publication Date 2006
ISSN 0379-0991
EC KC-AR-06-006-EN-C
Content Type ,

The EU Economy Review 2006 investigates how adjustment has been proceeding in the euro area and considers how the efficiency of adjustment could be improved in the coming years. Four aspects of the adjustment process are at the centre of the study.

The first concerns shifts in the competitiveness of euro-area Member States.

The second is the impact of real interest rates on activity in member countries.

The third is the role of policies that affect the adjustment capacity by affecting the amplitude of swings in economic activity and employment during adjustment – among which fiscal stabilizers are the best-known.

The fourth is an assessment of country experiences with adjustment. Against this background economic policy and surveillance issues are discussed.

The document is an integral element of the Commission's ongoing surveillance of economic developments and policies in the Member States, the euro area and the EU.

Source Link Link to Main Source http://ec.europa.eu/economy_finance/publications/european_economy/2006/the_eu_economy_review2006_en.htm
Related Links
European Commission: COM (2006)714 http://ec.europa.eu/economy_finance/publications/european_economy/2006/communication_en.pdf
European Economy News, No.5, January 2007, p10-11 http://ec.europa.eu/economy_finance/een/pdf/een_005_en.pdf

Subject Categories
Countries / Regions