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Beskrivning
Analysing economic interdependence in the Euro Area, this book covers links between: fiscal and monetary policies; public debt and long-term interest rates; budgetary stabilisation and the level of public debt; the spillovers from structural reforms; the scope for the coordination of fiscal policies and of structural reforms; and wage flexibility.
Economic spillovers, structural reforms and policy coordination in the Euro Area: An overview.- Budgetary spillovers and short-term interest rates.- Budgetary spillovers and long-term interest rates.- Budgetary stabilisation and the level of public debt.- Spillovers from economic reform.- Macroeconomic and welfare effects of structural and budgetary policies: spillovers in the MSG3 model.- Have Europe’s labour markets become more flexible? An exercise in measuring the relative flexibility of wages across countries and time.