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Euro Area: Macroeconomic Policies Under Constraints

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Author Info
Agnes Benassy-Quere
Benjamin Carton

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Abstract

One almost no longer speaks about them. Neither in international forums, where sound economic policies essentially mean structural reforms, enhanced competition, trade integration and financial supervision; nor in the public debate, except to assign them objectives which are mainly out of their scope. Still, monetary and fiscal policies represent important levies of action. Between the ECB’s price stability objective and the Stability and Growth Pact, do counter-cyclical policies have a role to play in the euro area?

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File URL: http://www.cepii.fr/anglaisgraph/publications/lettre/summary/2007/let266ang.htm
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Publisher Info
Article provided by CEPII research center in its journal La Lettre du CEPII.

Volume (Year): (2007)
Issue (Month): 266 (April)
Pages:
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Handle: RePEc:cii:cepill:2007-266

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Related research
Keywords: Euro area; stabilisation; central bank; ECB;

Find related papers by JEL classification:
E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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This page was last updated on 2009-11-22.

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